Ministry of Finance placed MDL 210 mln in monetary market in June

In June, the Ministry of Finance placed state securities totalling 210.3 million lei, mainly with maturities ranging from 91 to 364 days. Though the state securities (SS) offered in the primary market totalled 216 million lei, the offer was placed at the level of 97.4%. The weight of SS purchased by non-bank investors in the total volume placed in the primary market enlarged from 7.3% in May to 9.4% in June. T-bills with the maturity of 91-days held the majority weight within the issued state securities structure – 49.5% of total. The average weighted interest rate on state securities placed in the primary market with the maturity of up to 1 year constituted 11.55% per year. The effective average interest rate on 2-year state bonds kept the level of the previous month and constituted 13.1% per year. SS recorded as of June 30 in the Book Entry System (BES) equalled 5.8 billion lei at nominal value, of which the volume of state securities issued through primary market auctions totalled about 1.47 billion lei.