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Albania sells 1.87 bln leks (14.2 mln euro) in 10-yr T-notes

Albania sells 1.87 bln leks (14.2 mln euro) in 10-yr T-notes Author: Ministry of Finance of Albania. Licence: All rights reserved.

TIRANA (Albania), July 3 (SeeNews) - Albania raised 1.87 billion leks ($16.1 million/14.2 million euro) through the sale of ten-year fixed-rate Treasury notes, below its target of 2.5 billion leks, according to auction data posted on the website of the finance ministry.

The coupon of the issue was set at 7.20%, compared to 6.45% at the previous auction of ten-year fixed-rate Treasury paper held in March.

Details follow:

Auction date June 30 March 30
Amount offered (bln leks) 2.5 4
Amount sold (bln leks) 1.87 4
Total bids placed (bln leks) 1.94 5.04
Bid-to-cover ratio 0.78 1.26
Maximum requested yield 8.00% 6.68%
Minimum requested yield 5.00% 4.45%
Coupon 7.20% 6.45%

(1 euro = 132.4 leks)

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