December 22 (SeeNews) - The Moldovan central bank, BNM, sold 130 million lei ($10.6 million/7.4 million euro) in four Treasury bill issues on Tuesday, above its target offer of 102 million lei, as yields fell.
Primary dealers placed bids for a total of 333 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 1.93% from 2.22% at the previous auction held last Tuesday. Dealers placed bids for 66 million lei worth of T-bills versus 21 million lei on offer.
The yield on the 91-day T-bills was down to 2.07% from 2.36% at the previous auction on December 15. Dealers placed bids for 96.9 million lei worth of T-bills versus 29 million lei on offer.
The 182-day T-bills yielded 3.75%, lower than 5.97% achieved on December 15. The BNM received bids for 118.5 million lei worth of T-bills, compared to 40 million lei on offer.
The yield on the 364-day T-bills was 6.36%, down from 8.05% in the previous auction, as dealers placed bids for 51.6 million lei worth of T-bills versus 12 million lei on offer.
(1 euro=17.6101 Moldovan lei)