Moldova sells 6.22 mln lei (390,000 euro) in 2-yr T-notes

Primary dealers placed bids for 6.22 million lei worth of T-notes in the auction, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement on Wednesday.

The annual interest rate of the first coupon payment is 5.22%. Variable interest rates will apply for the subsequent coupon payments to be announced five days prior to the beginning of the relevant payment period, BNM said.

The government securities will mature on October 19, 2014.

The Moldovan finance ministry last issued two-year T-notes in September when it sold 8.92 million lei worth of government paper.

(1 euro=15.9505 Moldovan lei)