MFP sells T-bills worth 447 mln lei

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Ministry of Public Finance (MFP) has placed on Friday an issue of four-year maturity benchmark Treasury bills, drawing 447 million lei from the market, at an average profitability rate of 5.25 percent per year, according to data released by Romania’s National Bank (BNR).

The T-bills issue was in the total value of 300 million lei. Banks total offer stood at 447 million lei. The nominal value of a benchmark T-bill is one million lei.

12 primary dealers submitted bids in this auction – ABN Amro Bank, Alpha Bank Romania, BRD – Groupe Societe Generale, Romanian Commercial Bank (BCR), Transilvania Bank, Bancpost, Citibank Romania, Savings Bank (CEC), ING, MKB Romexterra, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank.

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