TIRANA (Albania), July 15 (SeeNews) – Albania's finance ministry said on Monday it sold 2.56 billion leks ($23.5 million/20.9 million euro) worth of five-year fixed-rate Treasury notes, below its 3 billion leks plan.
The issue carries a coupon of 4.2%, unchanged from the last auction of five-year fixed-rate T-notes held in May, according to figures published on the website of the finance ministry.
Details follow:
Auction date |
July 15 |
May 23 |
Amount offered (bln leks) |
3 |
4 |
Amount sold (bln leks) |
2.56 |
4 |
Total bids placed (bln leks) |
2.64 |
4.3 |
Bid-to-cover ratio |
0.88 |
1.08 |
Maximum requested yield |
4.2% |
3.78% |
Minimum requested yield |
3.14% |
2.83% |
Coupon |
4.2% |
4.2% |
Source: Finance Ministry
(1 euro = 121.299 leks)