Loading ...The T-bonds have a one-year maturity and the average yield for which the issue was sold stands at 10 percent. The average balanced discount rate was 9.08 percent.
The total issue was worth one billion lei, with the demand by the 13 bidding banks totaling 1.42 billion le i, but the ministry rejected the banks’ bids that passed the 10 percent yield.
Thirteen primary dealers put forward purchasing bids for the bonds – Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank România, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank România and UniCredit Tiriac Bank.
The Public Finances Ministry has scheduled in October auctions for government bond issues worth six billion lei, after having drawn more than 4.1 billion lei from the market in September.
An auction will be held on Oct. 22 for bonds having a three-year maturity, worth a total 950 million lei. The last auction is scheduled on Oct. 26, for a T-bond issue at a discount and one-year maturity worth one billion lei. In the nine months of this year, the ministry has drawn 55.4 billion lei from the market, up from 12.5 billion lei in the full 2008.
The Romanian Public Finances Ministry drew on Monday more than 221.75 million lei by an issue of treasury bonds sold at a discount that were placed for auction via the National Bank of Romania.
The T-bonds have a one-year maturity and the average yield for which the issue was sold stands at 10 percent. The average balanced discount rate was 9.08 percent.
The total issue was worth one billion lei, with the demand by the 13 bidding banks totaling 1.42 billion le i, but the ministry rejected the banks’ bids that passed the 10 percent yield.
Thirteen primary dealers put forward purchasing bids for the bonds – Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank România, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank România and UniCredit Tiriac Bank.
The Public Finances Ministry has scheduled in October auctions for government bond issues worth six billion lei, after having drawn more than 4.1 billion lei from the market in September.
An auction will be held on Oct. 22 for bonds having a three-year maturity, worth a total 950 million lei. The last auction is scheduled on Oct. 26, for a T-bond issue at a discount and one-year maturity worth one billion lei. In the nine months of this year, the ministry has drawn 55.4 billion lei from the market, up from 12.5 billion lei in the full 2008.
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