TIRANA (Albania), May 8 (SeeNews) – Albania's finance ministry said on Tuesday it raised a total of 12 billion leks ($111.9 million/93.8 million euro) at an auction of six-month and one-year Treasury bills, as both issues were oversubscribed.
The average yield of the six-month Treasury bills rose to 1.919%, from 1.836% at the last auction held on April 3, the finance ministry said in a statement.
The average yield of the one-year Treasury bills edged down to 2.291% from 2.337% at the last auction held on April 24.
Details follow:
6-month T-bills
Auction date |
May 8 |
April 3 |
Amount offered (bln leks) |
2 |
2.6 |
Amount sold (bln leks) |
2 |
2.6 |
Total bids placed (bln leks) |
2.15 |
3.64 |
Bid-to-cover ratio |
1.08 |
1.4 |
Maximum requested yield |
2% |
2.42% |
Maximum accepted yield |
2% |
2% |
Minimum yield |
1.9% |
1.7% |
Average weighted yield |
1.919% |
1.84% |
1-year T-bills
Auction date |
May 8 |
April 24 |
Amount offered (bln leks) |
10 |
8.2 |
Amount sold (bln leks) |
10 |
8.2 |
Total bids placed (bln leks) |
11.03 |
11.59 |
Bid-to-cover ratio |
1.1 |
1.41 |
Maximum requested yield |
2.34% |
2.51% |
Maximum accepted yield |
2.32% |
2.37% |
Minimum yield |
2.2% |
2.28% |
Average weighted yield |
2.291% |
2.337% |
(1 euro = 126.251 leks)