The Ministry of Finance borrowed 1.1 billion lei from banks

On Thursday, the Ministry of Finance borrowed 1.1 billion lei from banks in two government securities issues maturing in 2022 and 2027, respectively, at interest rates of 1.97% and 2.95%.

The state attracted 852.5 million lei following a discounted treasury certification issue, over the nominal value of 800 million lei. Six primary dealers participated in the auction. The show is due in 2022.

The total value of the demand was 891.7 million lei, of which the competitive offers were 882.4 million lei, and the non-competitive ones 9.3 million lei.

Out of the total amount awarded, the banks offered 843.2 million lei on their own account and 9.3 million lei were non-competitive offers.

Through the second auction held on Thursday, of state bonds with a value of 600 million lei, the ministry attracted only 254.9 million lei. Seven primary dealers participated in the auction, and the maturity of the bonds is 2027

The coupon rate is 2.5%, and the yield until maturity corresponding to the average award price of 2.95%.

The total value of the demand was of 286.9 million lei, of which the competitive offers were of 215 million lei, and the non-competitive ones of 71.9 million lei.

Out of the total amount awarded, the banks offered 153 million lei in their own name and account and 30 million lei in the clients’ account, and the rest represented non-competitive offers.

Within this auction, the Ministry of Finance totally rejected the purchase offers submitted with a price level lower than 97.3173%, in accordance with the provisions of art. 4, para. 3 of the Framework Regulation on market operations with government securities on the internal market approved by the Order of the Minister of Public Finance no. 2245 of 16.09.2016.

(source: AFP)


Source: Jurnalul.ro by jurnalul.ro.

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