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Ministry of Finance intends to borrow over 5.3 billion RON in January 2023
The Ministry of Finance has planned, in January 2023, loans from commercial banks in the amount of 4.7 billion RON, of which the sum of 645 million RON can be added through additional sessions of non-competitive offers, related to bond auctions .
The total amount, of 5.345 billion RON, is 315 million RON higher than the one that was scheduled in December, of 5.03 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.
According to the prospectus published in the Official Gazette, the institution scheduled, on January 9, 2023, an auction for an issue of treasury certificates with a discount, in the amount of 400 million RON, due on December 27, 2023.
Also, in January, nine issues of benchmark bonds will be launched, with a total value of 4.3 billion RON, followed the next day by an additional session of non-competitive offers, with a value of 15 pct of the value initial bond issue (645 million RON in total).
Thus, seven auctions were scheduled for issues of 500 million RON - on January 9, January 12 (two auctions), January 16, January 19, January 26 (two auctions) and two other auctions for issues of 400 million RON, on January 5, 2023.