Moldova Sells 148.2 Mln Lei (9.4 Mln Euro) in T-Bills, Yields Mostly Fall

Primary dealers placed bids for a total of 226.2 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 rose to 2.11% from 1.93% at the previous auction on August 11. Dealers placed bids for 43 million lei worth of T-bills versus 25 million lei on offer.

The yield on the 91-day T-bills decreased to 2.28% from 3.11% at the previous auction. Dealers placed bids for 65.6 million lei worth of T-bills versus 32 million lei on offer.

The 182-day T-bills yielded 5.90%, lower than the 7.14% achieved on August 11. The BNM received bids for 91 million lei worth of T-bills, compared to 47 million lei on offer.

The yield on the 364-day T-bills fell to 8.92% from 9.99% at the previous auction, as dealers placed bids for 26.6 million lei worth of T-bills versus 10 million lei on offer.

(1 euro=15.8414 Moldovan lei)