Albania Sells 8.0 Bln Leks (65 Mln Euro) in T-bills, Yields Fall

Bank of Albania, which auctions government securities on behalf of the Finance Ministry, offered and sold out 3.0 billion leks of six-month T-bills, as dealers placed bids worth 3.4 billion leks. The T-bills yielded an average 7.31%, slightly down from 7.34% achieved in the previous auction held on September 9.

The bank also offered and sold out 5.0 billion leks in 12-month T-bills, as dealers placed bids worth 6.4 billion leks. The T-bills yielded an average 8.01%, slightly from 8.02% in the previous auction held on September 9.

Since the beginning of the year the Bank of Albania (www.bankofalbania.org) has auctioned 271.5 billion leks of T-bills. It auctioned T-bills worth 386.83 billion leks in par value last year, 460.13 billion leks in 2006 and 465.2 billion leks in 2005.

(1 euro = 123.7699 Albanian leks)