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)