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Albania sells 33 mln euro of 7-yr T-notes

Feb 29, 2024, 3:10:03 PMArticle by Genta Hodo
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February 29 (SeeNews) - Albania's finance ministry sold 3.45 billion leks ($36 million/33.2 million euro) worth of seven-year fixed-rate Treasury notes at an auction held Thursday, central bank data showed.

Albania sells 33 mln euro of 7-yr T-notes
Photo: Alex Phil

The government securities have a coupon of 6.03% and will mature on February 7, 2031, the central bank said in a data release.

At the last auction of seven-year T-bonds of the same issue held on February 5, the finance ministry sold 4.29 billion leks worth of government debt paper.

Details follow (in billions of leks unless stated otherwise):

Auction date Feb 29 Feb 5
Amount offered 3 4
Amount sold 3.45 4.29
Total bids placed 6.11 7.2
Bid-to-cover ratio 1.77 1.67
Maximum accepted yield 5.98% 6.03%
Coupon rate 6.03% 6.03%

(1 euro = 104 leks)

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