July 26 (SeeNews) - Albania offered and sold on Tuesday 10.1 billion leks ($81.5 million/74.2 million euro) in 3-month and 12-month Treasury bills at lower yields, data from the country's finance ministry showed.
The yield on the 3-month papers fell to 0.88% from 0.90% at the previous similar auction held on April 26, while the yield of the bills with longer maturity declined to 1.28% from 1.30% on July 4, the data indicated.
Demand moderately exceeded supply.
Details follow:
3-month T-bills
Auction date |
July 26 |
April 26 |
Amount offered (bln leks) |
3 |
4.4 |
Amount sold (bln leks) |
3 |
4.4 |
Total bids (bln leks) |
3.98 |
4.56 |
Bid-to-cover ratio |
1.33 |
1.04 |
Maximum requested yield |
1% |
0.90% |
Maximum accepted yield |
0.93% |
0.90% |
Minimum yield |
0.78% |
0.90% |
Average weighted yield |
0.88% |
0.90% |
12-month T-bills
Auction date |
July 26 |
July 4 |
Amount offered (bln leks) |
7.1 |
8.6 |
Amount sold (bln leks) |
7.1 |
8.06 |
Total bids (bln leks) |
7.86 |
8.06 |
Bid-to-cover ratio |
1.11 |
0.94 |
Maximum requested yield |
1.57% |
1.49% |
Maximum accepted yield |
1.52% |
1.49% |
Minimum yield |
1.19% |
1.13% |
Average weighted yield |
1.28% |
1.30% |
($=123.885 leks)