September 1 (SeeNews) - The Moldovan central bank, BNM, said it sold 132.2 million lei ($11.8 million/8.2 million euro) in four Treasury bill issues on Tuesday, above its target offer of 118 million lei
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)