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Albania sells 23 mln euro of 2027 T-notes

May 20, 2024, 2:49:17 PMArticle by Genta Hodo
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May 20 (SeeNews) - Albania's finance ministry sold 2.3 billion leks ($24.8 million/22.9 million euro) worth of 2027 Treasury notes at an auction held on May 20, the central bank said on Monday.

Albania sells 23 mln euro of 2027 T-notes
Albania's Finance Ministry

Maximum accepted yield came in at 4.48% at the auction, the central bank said in a data release. The government securities will mature on February 23, 2027.

At the previous auction of three-year Treasury notes of the same issue held on April 17, the finance ministry sold 2.3 billion leks worth of debt paper at a maximum accepted yield of 4.71%.

Details follow (in billions of leks unless stated otherwise):

Auction date May 20 April 17
Amount offered 2 2
Amount sold 2.3 2.3
Total bids placed 3.3 5
Bid-to-cover ratio 1.43 2.19
Maximum accepted yield 4.48% 4.71%
Coupon rate 4.70% 4.70%

(1 euro = 100.4 Albanian leks)

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