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Moldova sells 165.5 mln lei (9.3 mln euro) in T-bills

Moldova sells 165.5 mln lei (9.3 mln euro) in T-bills

CHISINAU (Moldova), October 8 (SeeNews) - Moldova sold 165.5 million lei ($12.6 million/9.3 million euro) in three Treasury bill issues on Tuesday, above its 152 million lei offer, as yields climbed, the central bank said.

Primary dealers placed bids for 261.6 million lei in 91-day, 182-day and 364-day T-bills in the auction, the central bank, which auctions government securities on behalf of the finance ministry, said in a statement on its website.

Yields on the 91-day T-bills climbed to 5.0% from 4.79% at the previous auction held on October 1. The finance ministry sold securities worth 40 million lei.

Yields on the 182-day government paper rose to 6.63% from 6.43%. Securities worth 67 million lei were sold.

Yields on the 364-day T-bills increased to 7.47% from 7.34% with 58.5 million lei in debt paper being sold.

(1 euro = 17.8471 Moldovan lei)