The Ministry of Finance raised 55 million lei from banks through an additional issue of government bonds

Riana Gegiu

23 October 2026, 12:07

Economy

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The Finance Ministry raised 55 million lei from commercial banks on Friday through an additional issue of benchmark government bonds, held after Thursday’s benchmark auction. The securities have a remaining maturity of 28 months and an average annual yield of 6.61%, according to data published by the National Bank of Romania.

The nominal value of the additional issue was 133 million lei, but the banks submitted bids totaling 55 million lei. At Thursday’s auction, the Finance Ministry borrowed 886.5 million lei through the same bond issue.

For October 2026, the ministry has planned loans of 5.8 billion lei from commercial banks. The amount may be increased by up to 15% of the nominal value awarded at the main auctions, during additional sessions for non-competitive offers.

The funds are intended to refinance and make early repayments on public debt, as well as to finance the state budget deficit. The borrowing program for October is 1.4 billion lei lower than the one set for September, at 7.2 billion lei.

Context: Before the additional issuance of benchmark bonds, market demand was very high, and the Ministry prepared the October 2026 borrowing program

Prior to the operation mentioned in the article, the Ministry of Finance announced that, at a reopening auction with a three-year maturity, investor demand reached approximately 2.5 billion lei, five times the scheduled amount (500 million lei), while the institution awarded approximately one billion lei at an average yield of 6.81%. During the same period, yields on Romanian government securities fell across all relevant markets.

Also, looking ahead to October 2026, the Ministry of Finance established a borrowing program of 5.8 billion lei from commercial banks, with financing to be carried out through treasury certificates and benchmark-type government bonds, with the possibility of increasing the amounts through additional non-competitive sessions.