Loading ...The government bonds have a one-year due date and the average yield level of the issue is 6.48 percent. Average weighted level of the discount rate was 6.08 percent. Total issue value was one billion lei, while the overall demand from the 13 banks participating in the tender was around 3.254 billion lei.
Bidding offers for purchasing government bonds were submitted by 13 primary dealers – Alpha Bank Romania, BRD – Groupe Societe Generale, Commercial Bank Carpatica (BCC), Romanian Commercial Bank (BCR), Transilvania Bank, Bancpost, CEC Bank, Citibank Romania, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank Romania and UniCredit Ţiriac Bank.
MFP reduced the number of government bonds’ bids in March from six, according to the initial timetable, to five, for treasury certificates and government bonds issues with a total worth of four billion lei.
The next bid will take place on March 18, for three-year maturity bonds worth 500 million lei, and the last bid this month is scheduled for March 22, for treasury certificates with a one-year maturity period amounting to 900 million lei.
In the first two months of 2010, MFP borrowed from the internal market 8.61 billion lei after, in 2009, it attracted almost 65 billion lei.
Romania was disbursed two loan tranches from the International Monetary Fund worth 2.45 billion euros in February, and one-billion-euro tranche from the European Commission in March.
MFP also borrowed one billion euros from the external market through a eurobonds issue last week. The budget deficit target for this year-end is 5.9 percent of the GDP.
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