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)