BUCHAREST (Romania), November 19 (SeeNews) – Romania on Thursday sold 264.1 million lei ($91.8 million/61.7 million euro) in three-year Treasury notes, versus 850 million lei on offer, the country's central bank, BNR, said.
The average yield was 10%, unchanged from the previous auction held on October 22, the BNR, which sells government securities on behalf of the Finance Ministry, said in a statement.
Bids were placed for 1.4 billion lei worth of T-notes in Thursday's auction. The average accepted price was equal to 102.9985% of par.
The Finance Ministry has said it plans to issue 6.0 billion lei worth of government securities in November. Romania has sold 52.435 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 = 4.2798 Romanian lei)