The Finance Ministry (MFP) on Monday raised nearly RON 265.257 million from trading an issue of discount Government securities arranged for auction by the National Bank of Romania (BNR).
The securities mature in six months; the average yield rate for which the issue was traded is 10 percent, with an average weighted discount rate of 9.52 percent.
The total value of the issue stood at RON 800 million, with the demand from 13 banks having attended the auction standing at RON 1.19 billion. The MFP rejected the bids for a yield rate in excess of 10 percent.
Filing bids for the auction were 13 banks that are primary dealers – Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank Romania, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank.
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