The Ministry of Finance borrows 1.13 billion lei from banks, through two auctions with government securities, at interest of 7.27% and 7.31%/year

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By TP

The Ministry of Finance borrowed on Monday the total amount of 1.13 billion lei from banks, through two auctions with government securities, at interest of 7.27% and 7.31%/year. In the first auction, the Ministry of Finance reopened a Benchmark State Bond issue in October 2033 and borrowed from banks 635 million lei, to an annual interest of 7.27%. The auction was attended by 7 primary dealers, that is, those who bought the obligations, sending offers both on their own and on account of the clients natural and legal persons. The total volume of the request was 1.55 billion lei, of which the banks offered in their own name and 1.4 billion lei. Of the total amount awarded, of 635 million lei, the banks offered in their own name and 510 million lei. At the second auction, the Ministry of Finance reopened a Benchmark State Bond show in October 2028 and borrowed from banks 500 million lei, to an annual interest of 7.31%. 7 primary dealers participated in the auction. The total volume of the request was 1.57 billion lei. Of the total amount awarded, of 500 million lei, the banks offered in their own name and 500 million lei.
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