TIRANA (Albania), July 17 (SeeNews) – Albania's finance ministry said on Tuesday it raised 2.99 billion leks ($27.6 million/23.6 million euro) from the sale of five-year fixed-rate Treasury notes, just below its target of 3.0 billion leks.
The coupon on the issue was set at 5.3%, lower than 5.45% in the previous auction of five-year fixed-rate T-notes held on April 30, according to figures posted on the website of the finance ministry.
Details follow:
Auction date |
July 17 |
April 30 |
Amount offered (bln leks) |
3.0 |
6.5 |
Amount sold (bln leks) |
2.99 |
4.99 |
Total bids placed (bln leks) |
6.25 |
4.99 |
Bid-to-cover ratio |
2.08 |
0.77 |
Maximum requested yield |
5.46% |
5.45% |
Minimum requested yield |
4.8% |
4.85% |
Coupon |
5.3% |
5.45% |
Source: Finance Ministry
(1 euro = 125.167 leks)