Albania To Auction 16.8 Bln Leks (123.5 Mln Euro) in 6-mo, 12-mo T-bills on Dec 15

The Bank of Albania, which offers the T-bills on behalf of the Finance Ministry, will auction close to 9.0 billion leks of six-month T-bills and 7.8 billion leks worth of 12-month T-bills.

The six-month T-bills will mature on June 17 and the 12-month government paper will mature on December 16, 2010.

Albania's six-month T-bills produced a weighted average yield of 7.62% in the last auction held on November 17. The twelve-month T-bills produced a weighted average yield of 9.22% in the last auction held on December 2.

The Bank of Albania has auctioned Treasury bills worth 348.42 billion leks since the beginning of this year. It auctioned T-bills worth 373 billion leks in par value last year, compared to 386.83 billion leks in 2007.

(1 euro = 136.0013 Albanian leks)