Banks did not participate in non-competititve bidding session related to Thursday tender
Publicat:Banks did not participate in the non-competitive bidding session on Thursday, when the Ministry of Finance (oF) borrowed 400 million lei, according to data provided by the National Bank of Romania (BNR) on Friday.
According to the BNR, on Thursday, the Ministry of Finance borrowed 400 million lei off banks, through a benchmark government bond issue, with a residual maturity of 75 months, at an average yield of 3.25pct per year.
The nominal value of Thursday's issue was 400 million lei, and the banks subscribed 525.9 million lei, Agerpres informs.
An additional bidding session…
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