Loading ...The government stock that reaches maturity in October 2011 sold for an average yield of 7.24 pct. The coupon rate is 8 pct. The total amount of the issue was RON 500 mln and the total bid by the 13 banks participating in the auction was RON 1.672 bln.
A number of 13 primary dealers placed bids at the auction: 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.
MFP has scheduled for February auctions for government stock issues worth RON 3 billion. In 2009, the Finance Ministry drew some RON 64.7 billion from the market. MFP also has two benchmark bond auctions scheduled this February; the first one, held on Feb. 4, fetched more than RON 339.87 million.
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