The Ministry of Finance (MF) rejected, on Monday, all the bank offers received during the auction for a 41-month state bond issue, through which it intended to raise 600 million RON, considering them at an unacceptable level of the offered price.
The banks participating in the auction submitted bids totaling 197.1 million RON.
The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks in the amount of 5.7 billion RON, to which the sum of 795 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.
The total amount, of 6.495 billion RON, is 95 million RON higher than the one that was scheduled in October 2024, of 6.405 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.
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