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Albania Sells 2.0 Bln Leks (14.5 Mln Euro) in 2-yr T-notes

Oct 16, 2009, 2:04:17 PMArticle by Iva Doneva
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October 16 (SeeNews) - Albania's central bank sold 2.0 billion leks ($21.7 million/14.5 million euro) in two-year Treasury notes at an auction on Thursday, the bank said.

Albania Sells 2.0 Bln Leks (14.5 Mln Euro) in 2-yr T-notes

Bidders sought to buy 3.2 billion leks worth of securities, the central bank, which sells government securities on behalf of the Finance Ministry, said in a statement.

The T-notes carry a coupon of 9.7%. The minimum achieved yield was 9.52% and the maximum was 9.7%. The T-notes' issue date is October 20.

The central bank has sold 24.7 billion leks worth of two-year T-notes since the beginning of the year. Last year the bank auctioned 27.5 billion leks worth of two-year T-notes. The bank issues two-year T-notes each month.

(1 euro = 137.4707 Albanian leks)

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