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Albania sells 3.45 bln leks (27.1 mln euro) of 2-yr T-notes – table

Albania sells 3.45 bln leks (27.1 mln euro) of 2-yr T-notes – table Bank of Albania/All Rights Reserved

TIRANA (Albania), September 14 (SeeNews) – Albania's finance ministry said on Friday it raised 3.45 billion leks ($31.5 million/27.1 million euro) from the sale of two-year fixed-rate Treasury notes, below its 4.0 billion leks target.

The coupon rate on the issue rose to 2.2% from 2.15% in the last auction of two-year fixed-rate T-notes held in August, according to figures published on the website of the finance ministry.

Details follow:

Auction date September 14 August 15
Amount offered (bln leks) 4 4
Amount sold (bln leks) 3.45 4
Total bids placed (bln leks) 4.05 5.05
Bid-to-cover ratio 1.01 1.26
Maximum requested yield 2.29% 2.3%
Minimum requested yield 1.89% 1.99%
Coupon 2.2% 2.15%

(1 euro = 126.214 leks)

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