Finance Ministry on Friday drew 75 million lei from banks, in addition to Thursday’s 801.8 million lei, at a coupon rate of 2.97% per annum for a benchmark government bond issue of a residual maturity of 117 months, according to data published by the National Bank of Romania (BNR).
The nominal value of the additional issue was 75 million lei, and the banks submitted bids for 295 million lei.
The Finance Ministry is planning in January 2021 to raise loans from commercial banks of 4.5 billion lei, of which 400 million lei through an issue of discounted treasury certificates and 4.1 billion lei in seven issues of government bonds.
Adding to that could be 615 million lei from additional sessions of non-competitive bids related to bond auctions.
The amount, slightly below that of December 2020 (4.985 billion lei), will be used to refinance public debt and finance the government deficit.
According to the prospectus published in the Official Gazette, the Finance Ministry has scheduled for January 7 an issue of certificates issue at a discount of 400 million lei, maturing on January 10, 2022.
Also in January, there will be seven benchmark bond issues of a total value of 4.1 billion lei, followed by an additional session of non-competitive bids of a value of 15% of the initial value of the bond issue (615 million lei in total).
The issues will be 700 million lei (two), 600 million lei (two) and 500 million lei (three), Agerpres informs.