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

Albania sells 3 bln leks (24.5 mln euro) of 5-yr T-notes – table

Albania sells 3 bln leks (24.5 mln euro) of 5-yr T-notes – table Bank of Albania/All Rights Reserved

TIRANA (Albania), September 18 (SeeNews) – Albania's finance ministry said on Wednesday it sold 3 billion leks ($27.1 million/24.5 million euro) worth of five-year fixed-rate Treasury notes, in line with target.

The issue carries a coupon of 4.2%, unchanged from the last auction of five-year fixed-rate T-notes held in July, according to figures published by the finance ministry.

Details follow:

Auction date Sept 18 July 15
Amount offered (bln leks) 3 3
Amount sold (bln leks) 3 2.56
Total bids placed (bln leks) 4.3 2.64
Bid-to-cover ratio 1.45 0.88
Maximum requested yield 4.5% 4.2%
Minimum requested yield 3.33% 3.14%
Coupon 4.2% 4.2%

Source: Finance Ministry

(1 euro = 120.309 leks)

Compare