Romania Sells 104.3 Mln Lei (24.3 Mln Euro) in 1-Yr T-bills, Yields Flat

The average yield was 10.0%, the BNR, which sells government securities on behalf of the Finance Ministry, said in a statement.

Bids were placed for 1.7 billion lei worth of T-bills in Monday's auction. The average accepted price was equal to 90.8207% of par.

The Finance Ministry has said it plans to issue 6.0 billion lei worth of government securities in November. Romania has sold 51.9 billion lei in government debt paper so far this year. It sold government securities worth nearly 12 billion lei last year, up from 8.7 billion lei in 2007.

The country, which joined the European Union in 2007, liberalised its capital market in 2006, giving foreign nationals free access to its government securities.

(1 euro = 4.2963 Romanian lei)