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Albania sells 29.9 mln euro of 2029 T-notes

Jun 24, 2024, 2:39:28 PMArticle by Genta Hodo
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June 24 (SeeNews) - Albania's finance ministry sold 3 billion leks ($32.1 million/29.9 million euro) worth of fixed-rate Treasury notes at an auction on Monday, right on target, central bank data showed.

Albania sells 29.9 mln euro of 2029 T-notes
Albania's Finance Ministry, ErtonKashta, CC BY-SA 4.0, via Wikimedia Commons

The government securities have a 5.25% coupon and will mature on January 26, 2029, according to the calendar of upcoming Treasury paper auctions published by the central bank.

At the last auction of five-year Treasury notes of the same issue held on May 22, the finance ministry sold 3 billion leks worth of debt paper, also on target.

Details follow (in billions of leks):

Auction date June 24 May 22
Amount offered 3 3
Amount sold 3 3
Total bids placed 3.3 5.4
Bid-to-cover ratio 1.1 1.8
Maximum accepted yield 5.04% 5.11%
Coupon rate 5.25% 5.25%

(1 euro = 100.3 Albanian leks)

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