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Ministry of Finance plans loans of 6.595 bln lei from banks, in October
The Ministry of Finance has planned for October 2023 loans from commercial banks in the amount of 5.8 billion RON, to which the sum of 795 million RON can be added through additional sessions of non-competitive offers, related to bond tenders.
The total amount, of 6.595 billion RON, is 260 million RON lower than the one that was scheduled in September, of 6.855 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, on October 16, a tender will be organized for an issue of treasury certificates with a discount, in the amount of 500 million RON, with maturity on April 29, 2024.
Also, during the month of October, nine issues of benchmark bonds will be launched, with a total value of 5.3 billion RON, followed the next day by an additional session of non-competitive bids, with a value of 15% of the value initial bond issue (795 million RON in total).
Thus, tenders were scheduled for a bond issue of 400 million RON, on October 30, one of 500 million RON, on October 19, two issues of 700 million RON, on October 26 and for five issues of 600 million RON on October 2, 5, 9, 12 and 23.