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Albania sells 356.6 mln leks (2.9 mln euro) of 1-yr T-bills – table

Albania sells 356.6 mln leks (2.9 mln euro) of 1-yr T-bills – table Bank of Albania/All Rights Reserved

TIRANA (Albania), August 13 (SeeNews) – Albania’s finance ministry has sold 356.6 million leks ($3.3 million/2.9 million euro) worth of six-month Treasury bills at an auction on Tuesday, below its 2 billion leks target, it said.

The average weighted yield on the government securities rose to 1.48%, from 0.96% at the last auction of six-month T-bills held on May 7, according to auction results published by the finance ministry.

Details follow:

Auction date Aug 13 May 7
Amount offered (bln leks) 2 1.7
Amount sold (bln leks) 0.36 0.99
Total bids placed (bln leks) 1.2 0.99
Bid-to-cover ratio 3.2 0.58
Maximum requested yield 2.03% 1.03%
Maximum accepted yield 1.48% 1.03%
Minimum yield 1.48% 0.9%
Average weighted yield 1.48% 0.96%

(1 euro = 122.462 leks)

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