The Ministry of Public Finance (MFP) has borrowed on Monday RON 1 billion from banks, through an issue of treasury bills due in one year, at an average yield of 0.68%.
The value of the issue was of RON 1 billion, but banks underwrote a double amount, namely RON 2.16 billion.
MFP has planned to take loans of RON 3.455 billion from commercial banks in July 2016, of which RON 3.2 billion through seven auctions of treasury bills and government bonds and RON 255 million by additional sessions of competitive offers, corresponding to bond auctions.
The amounts are destined to refinance public debt and to finance the state budget deficit.