TIRANA (Albania), September 20 (SeeNews) – Albania's finance ministry said it raised 2.0 billion leks ($18.4 million/15.7 million euro) from the sale of five-year fixed-rate Treasury notes on September 20, in line with plan.
The coupon rate on the issue stood at 5.3%, the same as in the previous auction of five-year fixed-rate T-notes held in August, according to the results of the auction posted on the website of the finance ministry.
Details follow:
Auction date |
Sept 20 |
Aug 10 |
Amount offered (bln leks) |
2.0 |
2.0 |
Amount sold (bln leks) |
2.0 |
2.3 |
Total bids placed (bln leks) |
3.9 |
5.84 |
Bid-to-cover ratio |
1.95 |
2.92 |
Maximum requested yield |
5.2% |
5.3% |
Minimum requested yield |
4.3% |
4.77% |
Coupon |
5.3% |
5.3% |
Source: Finance Ministry
(1 euro = 126.061 leks)