You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Albania sells 3 bln leks (24.4 mln euro) of 3-yr T-notes – table

Albania sells 3 bln leks (24.4 mln euro) of 3-yr T-notes – table Bank of Albania/All Rights Reserved

TIRANA (Albania), June 20 (SeeNews) – Albania's finance ministry said it sold 3 billion leks ($27.4 million/24.4 million euro) worth of three-year fixed-rate Treasury notes at an auction on June 20, in line with plan, as the issue was oversubscribed.

The coupon rate on the issue was set at 2.3%, unchanged from the last auction of three-year fixed-rate T-notes held in April, according to figures posted on the website of the finance ministry.

Details follow:

Auction date June 20 April 11
Amount offered (bln leks) 3 3
Amount sold (bln leks) 3 3
Total bids placed (bln leks) 5.5 4.7
Bid-to-cover ratio 1.8 1.55
Maximum requested yield 2.7% 2.4%
Minimum requested yield 2.23% 1.69%
Coupon 2.3% 2.3%

($ = 0.89203 euro)

Compare