November 17 (SeeNews) - The Moldovan central bank, BNM, sold 127.3 million lei ($11.5 million/7.7 million euro) in four Treasury bill issues on Tuesday, above its target offer of 102 million lei, as yields on all issues fell.
Primary dealers placed bids for a total of 257.1 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 last Tuesday at 2.46%. Dealers placed bids for 24.2 million lei worth of T-bills versus 22 million lei on offer.
The yield on the 91-day T-bills decreased to 5.00% from 5.39% at the previous auction on November 10. Dealers placed bids for 78.1 million lei worth of T-bills versus 28 million lei on offer.
The 182-day T-bills yielded 10.16%, lower than the 10.44% achieved on November 10. The BNM received bids for 120 million lei worth of T-bills, compared to 40 million lei on offer.
The yield on the 364-day T-bills was down to 10.99% from 11.14% at the previous auction, as dealers placed bids for 34.7 million lei worth of T-bills versus 12 million lei on offer.
(1 euro=16.4854 Moldovan lei)