TIRANA (Albania), February 25 (SeeNews) – Albania's finance ministry said it sold 4.3 billion leks ($37.8 million/34.8 million euro) worth of three-year fixed-rate Treasury notes at an auction on Wednesday, just below its 5.0 billion leks target, as the issue was oversubscribed.
The coupon rate was set at 2.7%, up from 2.3% in the last auction of three-year fixed-rate T-notes held on December 11, according to figures posted on the website of the finance ministry.
Details follow:
Auction date |
Feb 24 |
Dec 11 |
Amount offered (bln leks) |
5.0 |
2.0 |
Amount sold (bln leks) |
4.3 |
1.9 |
Total bids placed (bln leks) |
5.4 |
2.6 |
Bid-to-cover ratio |
1.07 |
1.28 |
Maximum requested yield |
3.6% |
2.63% |
Minimum requested yield |
2.53% |
2.04% |
Coupon |
2.7% |
2.3% |
(1 euro = 120.615 leks)