Romania's Finance Ministry pays 3.04% interest rate for five-year bonds

The Public Finance Ministry borrowed on June 22 EUR 67 million from banks, through an issue of benchmark five-year bonds, at an average yield of 3.04% per year. Banks submitted offers worth EUR 207 million. The state will borrow another EUR 10 million today, June 23, through an additional auction, at yesterday’s yield, reports local Capital.ro. The Finance Ministry planned to borrow EUR 602 million from commercial banks in June, EUR 557 million of this through five auctions of treasury bonds and EUR 50 million through additional sessions related to the auctions. The state will use the money to refinance public debt and finance state budget deficit. editor@romania-insider.com