Moldova Sells 45 Mln Lei (3.4 Mln Euro) in T-Bills, Yields Rise

Primary dealers placed bids for a total of 83.6 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 21.81% from the 21.35% achieved at the previous auction held on November 11. Dealers placed bids for 35.1 million lei worth of T-bills versus 22 million lei on offer.

The 182-day T-bills yielded 21.30%, higher than the 21.09% achieved at the previous auction on November 11. The BNM received bids for 22 million lei versus 11 million lei on offer.

The yield on the 364-day T-bills rose to 21.23% from 20.88% on November 11, as dealers placed bids for 26.5 million lei worth of T-bills against 12 million lei on offer.

(1 euro=13.0822 Moldovan lei)