TIRANA (Albania), December 11 (SeeNews) – Albania's finance ministry said it sold 1.9 billion leks ($16.9 million/15.2 million euro) worth of three-year fixed-rate Treasury notes at an auction on Wednesday, just below its 2.0 billion leks target, as the issue was oversubscribed.
The coupon rate was set at 2.3%, unchanged from the last auction of three-year fixed-rate T-notes held on October 16, according to figures posted on the website of the finance ministry.
Details follow:
Auction date |
Dec 11 |
Oct 16 |
Amount offered (bln leks) |
2.0 |
2.0 |
Amount sold (bln leks) |
1.9 |
2.3 |
Total bids placed (bln leks) |
2.6 |
4.4 |
Bid-to-cover ratio |
1.28 |
2.18 |
Maximum requested yield |
2.63% |
2.94% |
Minimum requested yield |
2.04% |
2.54% |
Coupon |
2.3% |
2.3% |
(1 euro = 121.409 leks)