Moldova Sells 5.23 Mln Lei (408,000 Euro) in 2-yr T-Notes

Primary dealers placed bids for 5.23 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 19.29%. 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 April 24 and October 24. The government securities have an issue date of October 24 and will mature on October 24, 2010.

Moldova auctions two-year T-notes every month.

(1 euro=12.8335 Moldovan lei)