Moldova Sells 41.1 Mln Lei (3.1 Mln Euro) in T-Bills, Yields Rise

Primary dealers placed bids for a total of 42.4 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 rose to 20.49% from 18.14% at the previous auction held on October 28. Dealers placed bids for 20.5 million lei worth of T-bills versus 22 million lei on offer.

The 182-day T-bills yielded 20.61%, higher than the 17.87% achieved at the previous auction on October 28. The BNM received bids for 10.7 million lei versus 11 million lei on offer.

Yield on the 364-day T-bills rose to 20.11% from 17.59% on October 28, as dealers placed bids for 11.1 million lei worth of T-bills against 12 million lei on offer.

(1 euro=13.2288 Moldovan lei)