TIRANA (Albania), November 21 (SeeNews) – Albania's finance ministry said on Tuesday it raised 2.75 billion leks ($23.9 million/20.4 million euro) through the sale of two-year fixed-rate Treasury notes, below its target of 4.5 billion leks.
The coupon increased to 3.23% from 2.99% at the last auction of two-year fixed-rate T-notes held in October, according to auction results posted on the website of the ministry.
Details follow:
Auction date |
Nov 21 |
Oct 18 |
Amount offered (bln leks) |
4.5 |
3.5 |
Amount sold (bln leks) |
2.75 |
3.24 |
Total bids placed (bln leks) |
3.25 |
3.39 |
Bid-to-cover ratio |
0.72 |
0.97 |
Maximum requested yield |
3.5% |
3.11% |
Minimum requested yield |
2.8% |
2.7% |
Coupon |
3.23% |
2.99% |
(1 euro = 132.358)