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Albania Sells 2.6 Bln Leks (18.9 Mln Euro) in 2-Yr T-Notes

Nov 18, 2009, 3:45:08 PMArticle by Iva Doneva
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November 18 (SeeNews) - Albania's central bank said on Wednesday it sold 2.6 billion leks ($28.3 million/18.9 million euro) in two-year Treasury notes at an auction on Tuesday as the issue was slightly oversubscribed, the bank said.

Albania Sells 2.6 Bln Leks (18.9 Mln Euro) in 2-Yr T-Notes

Bidders sought to buy 2.7 billion leks worth of T-notes, the central bank, which sells government securities on behalf of the Finance Ministry, said in a statement.

The T-notes carry a coupon of 9.6%. The minimum achieved yield was 9.47% and the maximum was 9.6%. The T-notes' issue date is November 19.

The central bank has sold 27.3 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 = 137.373 Albanian leks)

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