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Albania sells 71 mln euro of 1-yr T-bills

Apr 2, 2024, 3:43:02 PMArticle by Genta Hodo
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April 2 (SeeNews) - Albania's finance ministry sold 7.33 billion leks ($76.6 million/71.3 million euro) worth of one-year Treasury bills at an auction on Tuesday, below target, central bank data showed.

Albania sells 71 mln euro of 1-yr T-bills
Albania's Finance Ministry

The government securities will mature on April 3, 2025.

Average weighted yield came in at 3.69%, slightly higher than the 3.65% average yield achieved at the previous auction of one-year Treasury bills held on March 26, data showed.

Details follow:

Auction date April 2 March 26
Amount offered (bln leks) 9 8.5
Amount sold (bln leks) 7.33 8.5
Total bids placed (bln leks) 7.33 8.56
Bid-to-cover ratio 1 1.01
Average weighted yield 3.69% 3.65%

(1 euro= 102.7 Albanian leks)

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