Albania's Finance Ministry, ErtonKashta, CC BY-SA 4.0, via Wikimedia Commons
September 11 (SeeNews) - Albania's finance ministry sold 2.8 billion leks ($28.3 million/26.4 million euro) worth of five-year fixed-rate Treasury notes at an auction held on Monday, the country's central bank said.
The government securities carry a coupon of 6% and will mature on February 13, 2028.
At the previous auction of five-year T-notes of the same issue held on August 21, the finance ministry sold 3 billion leks worth of government securities.
Details follow (in billions of leks unless stated otherwise):
| Auction date |
Sept 11 |
Aug 21 |
| Amount offered |
3 |
3 |
| Amount sold |
2.82 |
3 |
| Total bids placed |
2.92 |
4.7 |
| Bid-to-cover ratio |
1.03 |
1.57 |
| Maximum requested yield |
5.10% |
6.00% |
| Maximum accepted yield |
5.02% |
4.94% |
| Minimum requested yield |
4.50% |
4.60% |
| Minimum accepted yield |
4.50% |
4.60% |
| Coupon rate |
6.00% |
6.00% |
(1 euro = 106.852 leks)