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In June, the finances want to borrow 5.8 billion lei from banks, with 42% more than in May
The ministry of public finances planned the loan of 5,825 billion lei from commercial banks in June 2017 with 42% more than in May, when the planned total sum was 4,105 billion lei, according to the data published on the site of the ministry.
The sums will be destined to the financing of the state budget deficit and the refinancing of the public debt.
The ministry of finances will organise in June two bids of treasury bonds with discount, worth 1,8 billion lei. The first bid will be launched on 8 June 2017, the value of the emission geing one billion lei, and the second will take place on 15 June and a value of 800 million lei.
Similarly, there will be organised six bids of bonds benchmark type with maturity on 2,4,5,7 and 15 years, worth 3.5 billion lei, each being followed the next day by a supplementary session of non-competitive offers, with a value of 15% from the initial value of the bonds emissions.
On the other hand, the finances want to draw financial resources from the foreign markets by the emission of the euro-bonds in a volume of 2.5 -3 billion euro (equivalent) depending on the evolution and opportunities offered by these markets, keeping in mind the necessity to consolidate the financial reserve in foreign currency at the disposal of the State Treasury and the drawings from loans contracted from international financial institutions worth 0.6 billion euro.
"At the same time, there will be issued state bonds on the domestic market worth 48-50 billion lei, with a structure of the maturity of 30%/70% (short term versus medium and long term) out of which 14-15 billion lei in treasury bonds with discount and 34-35 billion lei benchmark bonds and a level of refinancing of state bonds 2017 in lei with maturity in 2017’ the document posted on the site of the ministry of finances.