Romania's Finance Ministry secures 1.3 billion lei in one‑day bank loan for debt refinancing

On 23 June 2026, Romania’s Ministry of Finance borrowed 1.306 billion lei from commercial banks through two state‑bond issuances. The first issue, with a residual maturity of 61 months, raised 719.8 million lei at an average yield of 6.65 % per year; the second, with a 124‑month maturity, attracted 586.5 million lei at 6.9 % per year. The nominal values were 700 million lei and 500 million lei respectively, but banks subscribed about 1.01 billion lei and 626.5 million lei, exceeding the planned amounts. Additional non‑competitive auctions are scheduled to collect another 108 million lei and 88 million lei at the same yields.

The June programme foresees total borrowing of 7.6 billion lei from banks, roughly 3 billion lei above the May target, to refinance public debt, repay early obligations and cover the budget deficit. The funds complement the government’s larger debt‑financing plan, which also includes retail bond programmes such as the Fidelis and Tezaur issues.

These operations illustrate the Ministry’s effort to secure financing in a high‑interest‑rate environment while managing the state’s fiscal needs.