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Albania sells 76 mln euro of 1-yr T-bills

Nov 24, 2023, 1:32:42 PMArticle by Genta Hodo
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November 24 (SeeNews) - Albania's finance ministry sold 7.8 billion leks ($82.8 million/75.9 million euro) worth of one-year Treasury bills at an auction on Friday, central bank data showed.

Albania sells 76 mln euro of 1-yr T-bills
Albania's Finance Ministry

The government securities will mature on November 28, 2024.

Average weighted yield came in at 3.41%, higher than 3.31% achieved at the last auction of one-year Treasury bills held on November 14, data showed.

Some 2.1 billion leks worth of Friday's offer was reserved for the central bank.

Details follow:

Auction date Nov 24 Nov 14
Amount offered (bln leks) 9 9
Amount sold (bln leks) 7.8 8
Total bids placed (bln leks) 8 8.3
Bid-to-cover ratio 1.02 1.03
Average weighted yield 3.41% 3.31%

(1 euro= 102.439 Albanian leks)

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