Banks no participated non-competitive government bond auction

 The banks did not participate on Tuesday in the non-competitive bid auction related to Monday's bond auction when the Finance Ministry raised 500 ml lei for a 40-month bond issue at an average yield of 4.58 pct per annum, the National Bank of Romania informed. The additional issue was 75 million lei.The Ministry of Public Finance (MFP) was planning to raise this June 3.635 bln lei from commercial banks, of which 3.2 bln in government bonds and T-bills, to ...

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