The Public Finance Ministry scheduled loans worth RON 4.1 billion in May from commercial banks, out of which RON 3.7 billion through seven tenders of treasury certificates and RON 405 million through supplementary sessions of non-competitive offers of the bonds tenders.
The amounts will be used for financing the state budget and refinancing the public debt.
According to the issuing prospects, the Ministry will organize a tender of treasury certificates with discounts, in value of RON 1 billion on May 11.
There will also be six benchmark bonds tenders, with a total value of EUR 2.7 billion, following a supplementary session of non-competitive offers the second day, with a total value of 15 percent of the initial value of the bonds issue.
In 2017, the overall volume of the loans that will be launched by the Ministry on the internal market through state bonds issue is determined by the estimated level of the budget deficit, of 2.96 percent of the GDP, around RON 24 billion, that will be financed by 65 percent by the internal market and 35 percent by the external market, as well as the refinancing of the state bonds denominated in RON with maturity in 2017, according to Agerpres.