December 15 (SeeNews) - The Moldovan central bank, BNM, sold 131.7 million lei ($10.7 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 342.7 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 2.22% from 2.29% at the previous auction last Tuesday. Dealers placed bids for 49.3million lei worth of T-bills versus 21 million lei on offer.
The yield on the 91-day T-bills fell to 2.36% from 3.11% at the previous auction on December 8. Dealers placed bids for 104.2 million lei worth of T-bills versus 29 million lei on offer.
The 182-day T-bills yielded 5.97%, lower than 7.63% achieved on December 8. The BNM received bids for 144.7 million lei worth of T-bills, compared to 40 million lei on offer.
The yield on the 364-day T-bills was 8.05%, down from 9.36% in the previous auction, as dealers placed bids for 44.5 million lei worth of T-bills versus 12 million lei on offer.
(1 euro=17.8871 Moldovan lei)