Financiarul

The issue was worth a total of RON 850 million and the banks’ total bid was RON 1,359 billion, but MFP rejected buy bids by commercial banks for with an ask yield higher than 10 pct.
A number of 13 primary dealers placed bids at the auction: Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica, Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, Citibank Romania, CEC Bank, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank RomanIa and UniCredit Tiriac Bank.

MFP has scheduled for November auctions for government stock issues – treasury bills and securities – worth six billion lei, after having drawn from the market some 2.53 billion lei in October. November’s last auction is scheduled for 23, for a one-year discount issue of T-bills worth 1 bln lei. In the 10 months of this year, the Ministry drew from the market roughly 58 billion lei, up from 12.5 billion lei throughout 2008.