The Finance Ministry borrowed yesterday RON 600 million (EUR 132.2 million) from banks, through a bond issue with a maturity of three years and three months, at an average yield of 1.72% per annum.

The banks’ offers amounted to EUR 257 million.

The state will organize today an additional auction for borrowing another EUR 19.8 million at the average yield of 1.72% per year.

In January, the Finance Ministry plans to borrow over EUR 1 billion from commercial banks.

The Ministry wants to issue bonds of EUR 10.5-11 billion in the internal market this year. It also plans to launch euro bonds of some EUR 3 billion.

Most of the money will be used to repay previous bond issues that reach their maturities this year.

editor@romania-insider.com