October 8 (SeeNews) - Romania on Thursday sold 861.8 million lei ($297 million/201 million euro) in five-year Treasury notes, versus 950 million lei on offer, as yields rose, the country's central bank, BNR, said.
The average yield was 9.98% versus 9.91% in the auction held on September 3, the BNR, which sells government securities on behalf of the Finance Ministry, said in a statement.
Bids were placed for nearly 2.0 billion lei worth of T-notes in Thursday's auction. The average accepted price was equal to 103.3514% of par.
The Finance Ministry has said it plans to issue 6.0 billion lei worth of government securities in October.
Romania has sold 49.42 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 = 4.2799 Romanian lei)