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)