BUCHAREST (Romania), December 17 (SeeNews) – Romania on Thursday sold 358.4 million lei ($122 million/85 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 November 19, the BNR, which sells government securities on behalf of the Finance Ministry, said in a statement.
Bids were placed for 1.2 billion lei worth of T-notes in Thursday's auction. The average accepted price was equal to 102.8979% of par.
The Finance Ministry has said it plans to issue 4.8 billion lei worth of government securities in December.
Romania has sold 54.57 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 = 4.2172 Romanian lei)