September 3 (SeeNews) - Romania on Thursday sold 226 million lei ($76 million/53 million euro) in five-year Treasury notes, versus 950 million lei on offer, as yields fell, the country's central bank, BNR, said.
The average yield was 9.91% versus 10.93% in the auction held on July 2, the BNR, which sells government securities on behalf of the Finance Ministry, said in a statement. The Finance Ministry rejected all bids placed in the following auction of five-year T-notes held on August 6.
Bids were placed for 1.7 billion lei worth of T-notes in Thursday's auction. The average accepted price was equal to 103.6834% of par.
The Finance Ministry has said it plans to issue 5.9 billion lei worth of government securities in September.
Romania sold government securities worth nearly 12 billion lei last year, up from 8.7 billion lei in 2007. It has sold 46.24 billion lei in government debt paper so far this year.
The country liberalised its capital market in 2006, giving foreign nationals free access to its government securities. Romania joined the European Union in 2007.
(1 euro = 4.2445 Romanian lei)