Loading ...Ministry of Public Finance (MFP) on Thursday a benchmark govt bonds issue with five-year maturity and it attracted 479.77 million lei (some 111.57 million euros), at an average price of 10.93 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 11 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 1.216 billion lei.
Purchasing bids for the govt bonds were submitted at the auction by 12 primary dealers: ABN Amro Bank, Alpha Bank Romania, BRD – Groupe Societe Generale, the Romanian Commercial Bank (BCR), Banca Transilvania, Bancpost, Citibank Romania, CEC Savings Bank, ING, MKB Romexterra, Raiffeisen Bank, and UniCredit Tiriac Bank.
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