August 18 (SeeNews) - The Moldovan central bank, BNM, said it sold 148.2 million lei ($13.2 million/9.4 million euro) in four Treasury bill issues on Tuesday, above the target offer of 114 million lei with yields falling on three of the issues and rising on the fourth one.
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)