MFP sells T-bills worth RON 600 M
The T-bills carry a six-month maturity and the issue was awarded at an average yield of 7.33 percent. The weighted-average discount rate stood at 7.07 percent.
The total value of the issue was RON 600 million, while the total demand of the 13 participating banks in the tender accounted for RON 2.897 billion (some 681 million euros).
There submitted bids to acquire government securities 13 primary dealers – Alpha Bank Romania, BRD – Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Romanian Commercial Bank (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank Romania, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank. MFP has scheduled tenders in February to issue government securities worth RON 3 billion. In 2009, MFP attracted about RON 64.7 billion from the market.