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Finance Ministry turns down banks' bids for three-year bond issue

The Ministry of Public Finance (MFP) on Thursday fully turned down the commercial banks' bids for a three-year benchmark bond issue, the National Bank of Romania informs.

The total amount of the issue was RON 300 mln (some 70.59 million euros); MFP considered the ask yield was unacceptable.

The banks' offer totaled RON 557.18 million. The face value of a bond is RON 10,000.A number of 12 banks 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, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank.

Sursa: http://www.actmedia.eu

Tags: issue banks mfp rbs ing brd bcr cec

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