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Albania sells 82 mln euro of T-bills

Jun 11, 2024, 3:48:04 PMArticle by Genta Hodo
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June 11 (SeeNews) - Albania's finance ministry sold a total of 8.23 billion leks ($87.9 million/81.9 million euro) worth of one-year and six-month Treasury bills at two auctions held on Tuesday, data by the country's central bank showed.

Albania sells 82 mln euro of T-bills

The ministry sold 7.5 billion leks worth of T-bills that will mature on June 12, 2025, as the issue was oversubscribed, the data shows. Some 3.35 billion leks worth of the offer was reserved for the central bank.

The ministry also sold 726.2 million leks worth of T-bills with a maturity date of December 12, 2024, as the issue was undersubscribed.

Details of Tuesday's auctions follow, as well as details of the previous auctions of such maturities:

One-year T-bills

Auction date June 11 May 14
Amount offered (bln leks) 7.5 8
Amount sold (bln leks) 7.5 8
Total bids placed (bln leks) 8.91 11.9
Bid-to-cover ratio 1.18 1.48
Average weighted yield 3.32% 3.54%

Six-months T-bills

Auction date June 11 Oct 10
Amount offered (bln leks) 1 1
Amount sold (bln leks) 0.726 1
Total bids placed (bln leks) 0.726 2.06
Bid-to-cover ratio 1 2.06
Average weighted yield 3.24% 1.50%

(1 euro = 100.4 Albanian leks)

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