The Ministry of Public Finance (MFP) on Thursday placed on the market an issue of benchmark bonds worth 983.17 million lei, carrying a 3-year maturity, at an average yield standing at 9.99 percent per year, according to the data provided by the Romanian National Bank (BNR). MFP rejected the purchase offers submitted by the commercial banks for the issue of benchmark bonds exceeding a level of the requested yield by 10 percent.The issue of benchmark bonds totaled 950 million lei, with the coupon rate standing at 11.25percent. The total offers of the banks totalled 1.915 billion lei, the nominal value of a benchmark bond standing at 10.000 lei. There submitted purchase offers 13 primary dealers – Alpha Bank Romania, BRD – Groupe Societe Generale, Carpatica Commercial bank (BCC), Romanian Commercial Bank (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank Romania, ING, MKB Romexterra, Raiffeisen Bank, RBS Bank Romania and Uni Credit Tiriac Bank.
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