The liquidity absorption facility was undersubscribed
with bids reaching P76.75 billion versus the issue size of P80 billion.
During the auction on Thursday, a day late due to the holiday last Wednesday, the six-day facility was offered for PHP40 billion but was undersubscribed
at PHP35.82 billion.
The 13/14-day tenor, also at P30 billion, was undersubscribed
at P26.05 billion from last Wednesday's P40.75 billion.
The German 30-year auction was effectively undersubscribed
. Eurozone HICP was revised up, and construction output declined.
The government has reopened the Sh5 billion M-Akiba infrastructure bond after the first issue was undersubscribed
The 364-day T-bill was also partially awarded P5.208 billion from the P8 billion on offer, with bids for the security being undersubscribed
at P7.958 billion.
Ana told reporters after the auction that while the tenders across the three tenors totaled P28.9 billion or 1.5 times the total offering, the one-year securities were undersubscribed
with only P7.96 billion in bids.
Tuesday's auction saw the CBN offer OMO Bills worth N60.0 billion, although it was largely undersubscribed
, at N10.7 billion despite attractive rates on the offer: 107-day (11.9 per cent), 170-day (13.5 per cent) and 317-day (15.0 per cent).
NDB said it had abandoned the plans to find a strategic investor for the remaining shares of its INR.6.2bn rights issue, which was undersubscribed
. The bank said the decision was in view of the current market conditions.
The post Undersubscribed
old city schools face closure appeared first on Cyprus Mail .
It's part of council plans to deal with undersubscribed
and financially vulnerable schools.