Moldova Sells 101.4 Mln Lei (6.2 Mln Euro) in T-bills, Yields Mostly Down

Primary dealers placed bids for a total of 159.6 million lei worth of government securities in the auction, BNM said in a statement. The central bank, which sells the T-bills on behalf of the Finance Ministry, offered 21-day, 91-day, 182-day and 364-day T-bills.

The yield on the 21-day T-bills remained unchanged from the previous auction at 2.82%. Dealers placed bids for 25.3 million lei worth of T-bills versus 9.0 million lei on offer.

The yield on the 91-day T-bills decreased to 6.12% from 6.38% at the previous auction. Dealers placed bids for 59.8 million lei worth of T-bills versus 28 million lei on offer.

The 182-day T-bills yielded 10.83%, lower than the 11.00% achieved on October 20. The BNM received bids for 56.6 million lei worth of T-bills, compared to 31 million lei on offer.

The yield on the 364-day T-bills was slightly down to 11.28% from 11.35% at the previous auction, as dealers placed bids for 17.9 million lei worth of T-bills versus 10 million lei on offer.

(1 euro= 16.4169 Moldovan lei)