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Bucharest
September 25, 2021
BUSINESS COMPANIES ECONOMY FINANCE&BANKING

Finance Ministry raises 90 million lei extra from banks

The Finance Ministry on Friday raised 90 million lei from banks in addition to an auction on Thursday, when it borrowed 571.8 million lei, at an interest rate of 2.43% per annum in a benchmark government bond issue with a residual maturity of 42 months, according to data published by the National Bank of Romania (BNR).

The nominal value of the additional issue was 90 million lei, and the banks submitted bids for 95 million lei.

The Finance Ministry has planned to borrow 4.6 billion lei this June from commercial banks, of which 1.1 billion lei in two issues of discounted treasury certificates and 3.5 billion lei in seven government bond issues. Adding up to that will be 525 million lei to be borrowed at additional sessions of non-competitive bids related to bond auctions, Agerpres informs.

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