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

Albania sells 3.4 bln leks (27.1 mln euro) of 5-yr T-notes – table

Albania sells 3.4 bln leks (27.1 mln euro) of 5-yr T-notes – table Bank of Albania/All Rights Reserved

TIRANA (Albania), March 25 (SeeNews) – Albania's finance ministry said on Monday it sold 3.4 billion leks ($30.6 million/27.1 million euro) worth of five-year fixed-rate Treasury notes, above its 3 billion leks plan.

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

Details follow:

Auction date March 25 Jan 28
Amount offered (bln leks) 3 4.0
Amount sold (bln leks) 3.4 4.0
Total bids placed (bln leks) 4.7 10.8
Bid-to-cover ratio 1.56 2.71
Maximum requested yield 4% 4.7%
Minimum requested yield 2.59% 3.0%
Coupon 4.2% 4.2%

Source: Finance Ministry

(1 euro = 124.608 leks)

Compare