Loading ...The Public Finance Ministry (MFP) on Thursday launched a benchmark govt bonds issue with five-year maturity and it attracted 570.91 million lei (some 132.76 million euros), at an average price of 99.4480 percent per annum, the National Bank of Romania announced.
The ministry turned down the purchasing offers submitted by the commercial banks for the benchmark bond issue that exceeded the required yield of 99.0066 percent.
The govt bond issue totalled 750 million lei, with the coupon rate standing at 11 percent. A benchmark bond carries a par value of 10,000 lei.
The combined offer put forward by the banks totalled 1.214 billion lei.
Purchasing bids for the govt bonds were submitted at the auction by 13 primary dealers – Alpha Bank Romania, BRD – Groupe Societe Generale, the Carpatica Commercial Bank, the Romanian Commercial Bank (BCR), Banca Transilvania, Bancpost, Citibank Romania, CEC Savings Bank, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank and UniCredit Tiriac Bank.
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