MFP turns down all bids for discount treasury certificates

Romania's Finance Ministry (MFP) on Monday turned down all bids submitted by commercial banks for an issue of discount treasury certificates due on June 19, 2013, according to the National Bank of Romania.The issue was worth RON 800 million (nearly 179.37 million euros), but MFP argued the bids were for an unacceptable yield.The banks submitted bids for RON 1.059 billion, for certificates bearing a nominal value of RON 10,000 ...

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