Public Finance Ministry borrowed on Monday, March 16, EUR 67 million from commercial banks, through an auction of government bonds for over three years, at an average yield of 2.08%.

The Ministry will organize on Tuesday an additional session to Monday’s auction, to borrow another EUR 10.1 million, at the same yield, reports local Economica.net.

The Finance Ministry plans to borrow some EUR 752 million from commercial banks in March, EUR 698 million of which through seven auctions of treasury bills and bonds, and some EUR 54 million through additional session of non-competitive bonds, related to the auction bonds.

The Ministry will use the money to refinance debt and finance the state budget deficit.

editor@romania-insider.com