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Albania sells 33 mln euro of 5-yr T-notes

Feb 13, 2024, 2:33:32 PMArticle by Genta Hodo
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February 13 (SeeNews) - Albania's finance ministry sold 3.45 billion leks ($35.8 million/33.2 million euro) worth of fixed-rate five-year Treasury notes at an auction on Monday, central bank data showed.

Albania sells 33 mln euro of 5-yr T-notes
Albania's Finance Ministry

The government securities carry 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 for the same issue held on January 24, the finance ministry sold 4.6 billion leks worth of government securities.

Details follow (in billions of leks):

Auction date Feb 12 Jan 24
Amount offered 3 4
Amount sold 3.45 4.6
Total bids placed 6.89 7
Bid-to-cover ratio 1.99 1.52
Maximum accepted yield 5.76% 5.81%
Coupon rate 5.25% 5.25%

(1 euro = 104 Albanian leks)

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