Moldova Sells 132.2 Mln Lei (8.2 Mln Euro) in T-Bills, Yields Mixed

Yields rose on two of the issues and fell on the other two.

Primary dealers placed bids for a total of 169 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 2.11% from 2.18% at the previous auction on August 25. Dealers placed bids for 47 million lei worth of T-bills versus 25 million lei on offer.

The yield on the 91-day T-bills rose to 3.48% from 2.50% at the previous auction. Dealers placed bids for 60.5 million lei worth of T-bills versus 34 million lei on offer.

The 182-day T-bills yielded 5.45%, higher than the 5.27% achieved on August 25. The BNM received bids for 43.2 million lei worth of T-bills, compared to 49 million lei on offer.

The yield on the 364-day T-bills fell to 7.91% from 8.0% at the previous auction, as dealers placed bids for 18.4 million lei worth of T-bills versus 10 million lei on offer.

(1 euro=16.0559 Moldovan lei)