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)