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Albania sells 2.3 bln leks (18.5 mln euro) of 3-yr T-notes – table

Albania sells 2.3 bln leks (18.5 mln euro) of 3-yr T-notes – table Bank of Albania/All Rights Reserved

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)

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