The Ministry of Public Finance borrowed 1.93 billion lei from banks on the first day of April.
In the first auction, the Finance Ministry reopened a benchmark bond issue maturing in April 2024 and borrowed 1.02 billion lei from banks, exceeding the planned amount of 400 million lei, at an annual interest rate of 6.37%.
Seven primary dealers participated in the auction, those who bought the bonds, submitting offers both on their own account and on behalf of individual and legal clients.
Out of the total awarded amount of 1.02 billion lei, banks offered 972.1 million on their own account, and 50.2 million on behalf of clients.
In the second auction, the Finance Ministry reopened a treasury discount bond issue maturing in October 2024 and borrowed 917.4 million lei from banks at an annual interest rate of 6.01%.
Seven primary dealers participated in the auction.
The total demand volume was 1.08 billion lei, with non-competitive bids totaling 61 million.
Out of the total awarded amount of 917.4 million lei, banks offered 846.5 million on their own account, as reported by Ziarul Financiar.
Romania's public debt has reached 782 billion lei (156 billion euros), representing 49% of the GDP in the last four quarters for which data is available.