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Albania sells 55 mln euro of 3-yr T-notes

Feb 21, 2024, 3:47:12 PMArticle by Genta Hodo
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February 21 (SeeNews) - Albania's finance ministry sold 5.75 billion leks ($59.9 million/55.4 million euro) worth of three-year Treasury notes at an auction held on Wednesday, the central bank said.

Albania sells 55 mln euro of 3-yr T-notes
Photo: Alex Phil

Maximum accepted yield came in at 5.11% at the auction, the central bank said in a data release. The government securities will mature on February 23, 2027.

At the latest auction for three-year Treasury notes held in December 18, the finance ministry sold 2.3 billion leks worth of debt paper at a maximum accepted yield of 5.17%.

Details follow (in billions of leks unless stated otherwise):

Auction date Feb 21 Dec 18
Amount offered 5 2
Amount sold 5.75 2.3
Total bids placed 7.8 2.96
Bid-to-cover ratio 1.35 1.28
Maximum accepted yield 5.11% 5.17%
Coupon rate 4.7% 5.0%

(1 euro = 103.7 Albanian leks)

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