December 27 (SeeNews) - Moldova sold 142.65 million lei ($11.9 million/8.9 million euro) in three Treasury bill issues, above its initial offer of 136 million lei, as yields grew, the central bank said.
Primary dealers placed bids for a total of 183.25 million lei of 91-day, 182-day and 364-day T-bills, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement posted on its website on Wednesday.
Yields on the 91-day T-bills picked up to 4.66%, from 4.62% in the previous auction held on December 18. Dealers placed bids worth 71.8 million lei against 43 million lei on offer.
Yields on the 182-day T-bills rose to 4.99% from 4.93% in the previous auction held last Tuesday. The central bank received bids for 75.1 million lei worth of government paper, compared to 60 million lei on offer.
Yields on the 364-day T-bills advanced to 5.94% from 5.84% in the previous auction held last week. Dealers placed bids for 36.35 million lei worth of 364-day T-bills against 33 million lei on offer.
(1 euro = 15.9578 Moldovan lei)