The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks amounting to 5.7 billion lei, to which the sum of 795 million lei can be added through additional sessions of non-competitive offers related to bond auctions.
The total amount, 6.495 billion lei, is 95 million lei higher than the one scheduled in October 2024, of 6.405 billion lei, and will be used for refinancing public debt and financing the state budget deficit.
According to the prospectus published in the Official Gazette, an auction will be held on November 7 for a treasury bill issuance with a discount, in the amount of 400 million lei, maturing on October 27, 2025.
Additionally, throughout November 2024, auctions will be held for nine benchmark bond issuances, with a total value of 5.3 billion lei, followed the next day by an additional session of non-competitive offers, with a value of 15% of the initial bond issuance value (795 million lei in total).
Thus, auctions have been scheduled for:
- for three bond issuances of 700 million lei each, on November 7, 18, and 21,
- for two bond issuances of 600 million lei, on November 11 and 25,
- for four bond issuances of 500 million lei each, on November 4, 14, 21, and 28.