TIRANA (Albania), January 21 (SeeNews) – Albania's finance ministry sold 3.9 billion leks ($35.2 million/31.7 million euro) worth of two-year fixed-rate Treasury notes at an auction on January 20, below its 4 billion leks target, figures show.
The coupon on the issue was set at 2.25%, down from 2.44% in last auction of two-year fixed-rate T-notes held on December 16, according to data published by the finance ministry.
Details follow:
Auction date |
Jan 20 |
Dec 16 |
Amount offered (bln leks) |
4 |
2 |
Amount sold (bln leks) |
3.9 |
2 |
Total bids placed (bln leks) |
4.47 |
3.1 |
Bid-to-cover ratio |
1.15 |
1.57 |
Maximum requested yield |
2.38% |
3.2% |
Minimum requested yield |
1.8% |
1.75% |
Coupon |
2.25% |
2.44% |
(1 euro = 120.418 leks)