September 12 (SeeNews) - Albania sold 19.13 billion leks ($213.24 million/153.82 million euro) in three Treasury bill issues, whose yields fell at an auction held on September 11, the central bank said on Wednesday.
The Bank of Albania sold all 2.3 billion leks worth of three-month T-bills on offer as dealers placed bids for 2.75 billion leks. The T-bills yielded an average of 5.71%, down from 5.76% achieved in the previous auction held on September 9.
The bank offered and sold 6.7 billion leks of six-month T-bills. The bills yielded 7.20% on average, down from 7.24% at the previous auction on August 28.
The central bank also sold 10.13 billion leks of 12-month T-bills, up from the initially announced offer of 7.6 billion leks. Dealers placed bids worth 10.14 billion leks. Yields edged down to 7.94% from 7.96% in the previous auction, held on August 28.
The central bank usually auctions lek-denominated three-month T-bills on Tuesdays and six-and 12-month paper twice a month, also on Tuesdays.
The Bank of Albania ( www.bankofalbania.org ), which sells government securities on behalf of the Finance Ministry, has auctioned T-bills worth 290.75 billion leks in par value since the beginning of the year. Last year it sold 460.13 billion leks worth of T-bills, compared to 465.2 billion leks in 2005.
(1 euro = 124.3605 Albanian leks)