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Albania sells 30 mln euro of 2029 T-notes

May 23, 2024, 10:59:44 AMArticle by Genta Hodo
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May 23 (SeeNews) - Albania's finance ministry sold 3 billion leks ($32.3 million/29.9 million euro) worth of fixed-rate Treasury notes at an auction on Wednesday, right on target, central bank data showed.

Albania sells 30 mln euro of 2029 T-notes
Albania's Finance Ministry, ErtonKashta, CC BY-SA 4.0, via Wikimedia Commons

The government securities have a 5.25% coupon and will mature on January 26, 2029, according to the calendar of upcoming Treasury paper auctions published by the central bank.

At the last auction of five-year Treasury notes of the same issue held on April 24, the finance ministry sold 3.45 billion leks worth of debt paper, above target.

Details follow (in billions of leks):

Auction date May 22 April 24
Amount offered 3 3
Amount sold 3 3.45
Total bids placed 5.4 7.63
Bid-to-cover ratio 1.8 2.2
Maximum accepted yield 5.11% 5.33%
Coupon rate 5.25% 5.25%

(1 euro = 100.3 Albanian leks)

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