Romania sells 500 mln lei (111.9 mln euro) in 10-yr T-notes

The average yield on the bonds, with a residual maturity of 86 months, was 4.94%, BNR, which sells government securities on behalf of the finance ministry, said on its website.

On March 24, the ministry sold ten-year T-notes with the same maturity date at an average yield of 5.29%.

Bids were placed for 1.92 billion lei worth of government debt paper in the auction.

This auction included, Romania has sold some 13 billion lei and 678.7 million euro ($937.9 million) in government debt paper on the domestic market so far this year. It has also raised $2.0 billion in 10-year and 30-year bonds on the U.S. market and 1.25 billion euro in ten-year bonds on international markets.

(1 euro =4.4652 Romanian lei)