Finance Ministry attracted 333 million lei from banks on Thursday, over the programmed level

The Ministry of Public Finance borrowed on Thursday, 333 million lei from banks, through an issue of bonds due on February 24, 2025, at an average profitability of 3.7% per year. The banks’ offer amounted to 957.5 million lei.

An additional auction will be organized on Friday, when the state will try to attract another 39 million lei to the profitability established on Thursday.

The Finance Ministry (MFP) planned loans of 4,56 billion lei from commercial banks in January 2016, of which 4.2 billion lei through eight auctions for treasury and state bonds, and 360 million lei through additional sessions o non-competitive offers for bond auctions.

The money is due to refinance public debt and finance the state budget deficit.

In 2016, MFP will issue state bonds in the domestic market worth 48-50 billion lei, of which 14-15 billion lei treasury bonds and 34-35 billion lei benchmark bonds.

Also, the Finance Ministry intends to launch euro bonds of 3 billion euros.

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