Moldova Sells 37 Mln Lei (2.9 Mln Euro) in T-Bills, Yields Fall

Primary dealers placed bids for a total of 61 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 91-day, 182-day and 364-day bills in the auction.

The yield on the 91-day T-bills fell to 18.14% from 18.18% at the previous auction held on October 21. Dealers placed bids for 25.3 million lei worth of T-bills versus 22 million lei on offer.

The 182-day T-bills yielded 17.87%, lower than the 18.00% achieved at the previous auction on October 21. The BNM received bids for 18.8 million lei versus 11 million lei on offer.

Yield on the 364-day T-bills fell to 17.59% from 17.62% on October 21, as dealers placed bids for 16.9 million lei worth of T-bills against 12 million lei on offer.

(1 euro=12.8335 Moldovan lei)