Ministerul Finanțelor respinge ofertele băncilor

The Ministry of Finance rejected all bids from banks for a bond auction aimed at raising 500 million lei, as the offers were deemed unacceptable. Banks submitted bids totaling 250 million lei, half of the intended amount. For October, the Ministry plans to borrow 5.8 billion lei, which is 1.4 billion less than in September. The funds will be used for refinancing public debt and covering the state budget deficit.