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Consolidated budget deficit reaches 0.65 pc of GDP at 4 months

Finance Ministry attracts RON 65m, in addition to RON 690m borrowed from banks on Monday

The Finance Ministry has attracted on Tuesday RON 65 million from commercial banks, in addition to the amount borrowed on Monday of RON 690 million, through a bond issue due in 66 months, with a yield of 4.82% per annum, the National Bank of Romania (BNR) informs.

The nominal value of the supplementary issue was of RON 75 million, but the banks’ offer has amounted to RON 65 million.

The Finance Ministry has planned for October 2018 to borrow from commercial banks RON 4.695 billion, of which RON 4.2 billion by state bond auctions and treasury bonds, to which the amount of RON 496 million could be added through additional sessions of uncompetitive offers for bond auctions.

The amounts are to refinance the public debt and to finance the state budget deficit. The Finance Ministry’s planned loans in October are by RON 760 million larger than in September.

 

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