Moldova Sells 4.84 Mln Lei (353,400 Euro) in 2-yr T-Notes

Primary dealers placed bids for 4.84 million lei worth of government securities, BNM, which auctions securities on behalf of the Finance Ministry, said in a statement.

The annual interest rate for the first coupon payment is 21.56%. Variable interest rates will apply for the subsequent coupon payments and they will be announced five days prior to the beginning of the relevant payment period, BNM said.

Coupon payments will be due twice a year, on March 12 and September 12. The government securities have an issue date of September 12 and will mature on September 12, 2010.

Moldova auctions two-year T-notes every month.

(1 euro=13.6965 Moldovan lei)