Romania sells 500 mln lei (111 mln euro) in 2-yr T-notes

The average yield fell to 6.34% from 6.35% at the last auction of two-year T-notes, held on October 18, the central bank, which sells government securities on behalf of the finance ministry, said in a statement.

Bids were placed for 1.0 billion lei worth of T-notes in Thursday's auction. The average accepted price was equal to 99.1902% of par.

The T-notes mature on July 28, 2014.

The finance ministry has sold 47.9 billion lei and 421.5 million euro ($537.4 million) in government securities on the domestic market so far this year.

Romania has also sold $2.25 billion in dollar-denominated bonds on the U.S. market and 2.25 billion euro in euro-denominated bonds on international markets since the beginning of 2012.

(1 euro = 4.5218 Romanian lei)