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Logo of Phnom Penh Post newspaper Phnom Penh Post - Only one successful bid in latest LPCO auction

Only one successful bid in latest LPCO auction

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.

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