TIRANA (Albania), October 16 (SeeNews) – Albania's finance ministry said it sold 2.3 billion leks ($20.4 million/18.5 million euro) worth of three-year fixed-rate Treasury notes at an auction on October 16, above its 2.0 billion leks target, as the issue was oversubscribed.
The coupon rate on the issue was set at 2.3%, unchanged from the last auction of three-year fixed-rate T-notes held on August 9, according to figures posted on the website of the finance ministry.
Details follow:
Auction date |
Oct 16 |
Aug 9 |
Amount offered (bln leks) |
2 |
4 |
Amount sold (bln leks) |
2.3 |
3.4 |
Total bids placed (bln leks) |
4.4 |
3.4 |
Bid-to-cover ratio |
2.18 |
0.85 |
Maximum requested yield |
2.94% |
2.92% |
Minimum requested yield |
2.54% |
2.4% |
Coupon |
2.3% |
2.3% |
(1 euro = 122.030 leks)