Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Ministry of Finance plans loans of 6.595 bln...

Ministry of Finance plans loans of 6.595 bln lei from banks, in October

October 31, 2023

The Ministry of Finance has planned for October 2023 loans from commercial banks in the amount of 5.8 billion RON, to which the sum of 795 million RON can be added through additional sessions of non-competitive offers, related to bond tenders.The total amount, of 6.595 billion RON, is 260 million RON lower than the one that was scheduled in September, of 6.855 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.According to the prospectus published in the Official Gazette, on October 16, a tender will be organized for an issue of treasury certificates with a discount, in the amount of 500 million RON, with maturity on April 29, 2024.Also, during the month of October, nine issues of benchmark bonds will be launched, with a total value of 5.3 billion RON, followed the next day by an additional session of non-competitive bids, with a value of 15% of the value initial bond issue (795 million RON in total).Thus, tenders were scheduled for a bond issue of 400 million RON, on October 30, one of 500 million RON, on October 19, two issues of 700 million RON, on October 26 and for five issues of 600 million RON on October 2, 5, 9, 12 and 23.   

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/ministry-of-finance-plans-loans-of-6.595-bln-lei-from-banks-in-october/105154
Read in full - click here
Bucharest International Film Festival: Eight productions selected in international competition, seven premiering in Romania

The 22nd edition of the Bucharest International Film Festival – BIFF will present eight films in its International Competition section, seven of which will be screened in Romania for the first time. The only exception is the Romanian-Moldovan production The Circle by Valeriu Andriuță. The international competition includes Everytime, directed by Sandra Wollner; 17, by […]

Romania's Social Democrats and far-right AUR jointly appoint interim heads of public broadcasters

The two parties backed each other’s candidates under a parliamentary cooperation agreement, according to media reports. The two positions became vacant following a ruling by the Constitutional Court. The two candidacies were approved by the joint bureaus of the two chambers of Parliament, News.ro...

Russian drone activity intensifies in Moldova and eastern Romania

Moldova’s Defence Ministry, cited by Deschide.md, said the Shahed entered Moldovan airspace at 16:20 from the direction of Slavianorebca in Ukraine and flew towards Bender, crossing the Transnistrian region. It then headed towards central Moldova, passing near Chisinau and disrupting the landing of several aircraft...

Dacia to launch larger European-built Spring electric model

Dacia has sold 210,000 Spring electric cars since 2021, but has failed to fully benefit from the recent growth of the electric vehicle market in France, its most important market, Reuters reported, as quoted by Economedia.ro. ...

Romania to resume power generation at Cernavodǎ nuclear power plant towards end-September

Despite some positive developments concerning water levels in the upper reaches and tributaries of the Danube, the forecast remains “reserved”, Bușoi said. “After September 15, we will make a new assessment, but we expect things to be possible only towards the end of September,” he said. Cernavodă NPP shut down its second reactor on August […]

Investors meet Romanian authorities as political volatility puts fiscal consolidation at risk

According to a government statement, the discussions took place against the backdrop of Romania’s current political and economic situation and focused mainly on the evolution of public finances, the outlook for the budget deficit, the state’s financing costs, the absorption of European funds, and the need to continue fiscal consolidation and the reforms already under […]