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Albania sells 3.6 bln leks (28.6 mln euro) of 5-yr T-notes – table

Albania sells 3.6 bln leks (28.6 mln euro) of 5-yr T-notes – table Bank of Albania/All Rights Reserved

TIRANA (Albania), November 12 (SeeNews) – Albania's finance ministry said it sold 3.6 billion leks ($31.5 million/28.6 million euro) worth of five-year fixed-rate Treasury notes on November 11, below its 4.0 billion leks target.

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

Details follow:

Auction date Nov 11 Sept 18
Amount offered (bln leks) 4 3
Amount sold (bln leks) 3.6 3
Total bids placed (bln leks) 5.0 4.3
Bid-to-cover ratio 1.24 1.45
Maximum requested yield 4.05% 4.5%
Minimum requested yield 3.09% 3.33%
Coupon 4.2% 4.2%

Source: Finance Ministry

(1 euro = 121.914 leks)

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