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Only one successful bid in latest LPCO auction

Dec 21st at 15:25
21-12-2016 15:25:52+07:00

Only one successful bid in latest LPCO auction

The National Bank of Cambodia yesterday held its third liquidity-providing collateralised operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 8 billion riel ($1.97 million).

Only one financial institution successfully bid in the auction, receiving the funds at an interest rate of 3 percent.

phnompenh post

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