Albania Sells 12.5 Bln Leks (91 Mln Euro) in 6-mo, 12-Mo T-Bills, Yields Fall

The central bank, which auctions government securities on behalf of the Finance Ministry, offered and sold 5.3 billion leks in six-month T-bills, as dealers placed bids for the amount on offer. The T-bills produced a weighted average yield of 7.62%, down from the 7.69% achieved in the previous auction held on October 13.

The bank sold the entire offer of 7.2 billion leks worth of 12-month T-bills, as dealers placed bids worth 8.6 billion leks. Yields edged down 9.27% from to 9.31% in the previous auction held on November 3.

The Bank of Albania has auctioned Treasury bills worth 337.92 2 billion leks since the beginning of this year. It auctioned T-bills worth 373 billion leks in par value last year, compared to 386.83 billion leks in 2007.

(1 euro = 137.373 Albanian leks)