The auction was held on September 1, the central bank, which auctions government securities on behalf of the Finance Ministry, said in a statement on its website.
The Bank of Albania sold the entire offer of 5.7 billion leks in three-month T-bills, as dealers placed bids worth of 5.754 billion leks. The T-bills produced a weighted average yield of 6.34%, up from 6.31% achieved in the previous auction held on August 4.
Dealers placed bids worth 11.82 billion leks for 12-month T-bills against 10.5 billion leks on offer, but the Finance Ministry aproved bids only for 8.7 billion leks. Yields edged up to 9.30%, from 9.29% in the previous auction held on August 18.
The Bank of Albania has auctioned Treasury bills worth 262 billion leks since the beginning of the year. It auctioned T-bills worth 373 billion leks in par value last year, compared to 386.83 billion leks in 2007.
(1 euro = 132.8993 Albanian leks)