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Bucharest
December 1, 2022
BUSINESS

FinMin to borrow RON 4.7 bn through government bonds in September

The Ministry of Public Finance wants to borrow RON 4.7 bn by issuing state bonds in September, after August when it raised a lot less than the intended RON 4 bn, according to data published by the institution yesterday, Money.ro reports. The Treasury will hold seven auctions for the sale of securities most of which – both as number and value – are for short-term loans with the issuance of treasury bills falling due after no more than one year. Three different auctions will be held for long-term loans with the sale of bonds with 3, 5 and 10 year maturities with a cumulated value of RON 1.6 bn. The first auction will take place on September 1, when the Finance Ministry intends to borrow RON 500,000 from 5-year bonds.

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