TIRANA (Albania), December 4 (SeeNews) – Albania's finance ministry said on Monday it raised 616 million leks ($5.4 million/4.5 million euro) via the sale of seven-year fixed-rate Treasury notes, below its target of 1 billion leks.
The coupon increased to 5.39% from 5.24% at the last auction of seven-year fixed-rate T-notes held in August, according to results of the auction posted on the website of the ministry.
Details follow:
| Auction date |
Dec 4 |
Aug 30 |
| Amount offered (bln leks) |
1 |
1.5 |
| Amount sold (leks) |
616 mln |
1.5 bln |
| Total bids placed (leks) |
722 mln |
2.5 bln |
| Bid-to-cover ratio |
0.722 |
1.642 |
| Maximum requested yield |
8% |
6.19% |
| Minimum requested yield |
5% |
3.8% |
| Coupon |
5.39% |
5.24% |
(1 euro = 131.122 leks)