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Nov 16, 2007 11:31 EEST
November 16 (SeeNews) - Yields fell on Albania's two-year treasury notes, the country's Finance Ministry said on Friday.
At an auction held on November 15 Albania's central bank, which offers government securities on behalf of the Finance Ministry, offered and sold 3.2 billion leks ($38.44 million/26.32 million euro) worth of two-year T-notes. Dealers placed bids worth 4.3 billion leks.
The T-notes yielded 8.35%, down from 8.60% at the previous auction held in October. The government papers bear an 8.35% coupon, equalling 133.6 million leks.
The government securities have an issue date of November 19 and mature on November 19, 2009.
Albania holds two-year T-notes auctions every month.
The country also holds weekly auctions of three-month T-bills and auctions six-month and 12-month T-bills twice a month. It holds auctions of three-year and five-year T-notes once in three months.
(1 euro=121.4711 Albanian leks )
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