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Firm bids on 8B riel in NBC’s repo auction

The National Bank of Cambodia building on Norodom Boulevard, Phnom Penh.
The National Bank of Cambodia building on Norodom Boulevard, Phnom Penh. Pha Lina

Firm bids on 8B riel in NBC’s repo auction

The National Bank of Cambodia (NBC) yesterday held its 11th 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 ($2 million).

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

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