December 8 (SeeNews) - The Moldovan central bank, BNM, sold 129.3 million lei ($11.2 million/7.6 million euro) in four Treasury bill issues on Tuesday, above its target offer of 101 million lei, as yields fell.
Primary dealers placed bids for a total of 337.6 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 fell to 2.29% from 2.46% at the previous auction last Tuesday. Dealers placed bids for 39.1 million lei worth of T-bills versus 21 million lei on offer.
The yield on the 91-day T-bills fell to 3.11% from 3.86% at the previous auction on December 1. Dealers placed bids for 87.2 million lei worth of T-bills versus 29 million lei on offer.
The 182-day T-bills yielded 7.63%, lower than 8.76% achieved on December 1. The BNM received bids for 163.5 million lei worth of T-bills, compared to 40 million lei on offer.
The yield on the 364-day T-bills was 9.36%, down from 10.36% in the previous auction, as dealers placed bids for 47.8 million lei worth of T-bills versus 11 million lei on offer.
(1 euro=17.1162 Moldovan lei)