Banks on Tuesday provided no offer in the non-competitive bidding session related to Monday's auctions, when the Ministry of Finance (MF) borrowed RON 994 million, according to data released by the National Bank of Romania (BNR).
On Monday, the government borrowed RON 569 million in one issue of government bonds of a residual maturity of 173 months and an average yield of 6.64% per annum, agerpres reports.
The nominal value of the issue was RON 400 million lei, and the banks offered RON 1.120 billion. An additional auction was scheduled for Tuesday for an additional RON 85 million at the yield set on Monday for bonds.
The government also borrowed RON 425 million in another issue of state bonds of a residual maturity of 53 months, and an average yield of 6.08% per annum.
The value of the issue was RON 800 million, and the banks offered RON 650 million. An additional auction was scheduled for Tuesday for an additional RON 63.8 million at the yield set on Monday for bonds.
MF has planned for March 2026 to borrow RON 8 billion off, to which 15% of the nominal value of the reference auctions can be added in additional sessions of non-competitive offers exclusively for benchmark instruments.
The total amount of RON 8 billion is RON 300 million higher than the one scheduled for February 2026, of RON 7.7 billion, and it is intended for public debt refunding and government deficit financing.
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