TIRANA (Albania), June 21 (SeeNews) – Albania's finance ministry said on Thursday it raised 3.5 billion leks ($32.1 million/27.7 million euro) through the sale of two-year fixed-rate Treasury notes, in line with plan.
The coupon rate on the issue fell to 2.56% from 2.90% in the last auction of two-year fixed-rate T-notes held in May, according to the results of the auction posted on the website of the finance ministry.
Details follow:
Auction date |
June 21 |
May 21 |
Amount offered (bln leks) |
3.5 |
4.5 |
Amount sold (bln leks) |
3.5 |
4.5 |
Total bids placed (bln leks) |
6.51 |
5.48 |
Bid-to-cover ratio |
1.86 |
1.22 |
Maximum requested yield |
2.90% |
3.02% |
Minimum requested yield |
2.40% |
2.76% |
Coupon |
2.56% |
2.90% |
Source: Finance Ministry
(1 euro = 125.390 leks)