The T-bonds are repayable in three years, and their average yield was adjudicated at 10 percent. The bonds grossed 850 million lei, and the 13 bidding banks’ total demand was worth 1.232 billion lei.
Bidding in the auction were 13 primary dealers, namely 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 scheduled auctions for state T-bonds, and T-bills worth 4.8 billion lei, in December, after it had attracted over 1.72 billion lei, from the market, in November. The ministry attracted over 59.7 billion lei from the market over the first eleven months of the year, compared to 12.5 billion lei as it gathered during the whole year 2008.