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Dec 17, 2007 15:59 EEST
December 17 (SeeNews) - Yields rose on Albania's two-year treasury notes at an auction held on Monday, the country's Finance Ministry said.
Albania's central bank, which offers government securities on behalf of the Finance Ministry, offered and sold 3.8 billion leks ($45.58 million/31.68 million euro) worth of two-year T-notes. Dealers placed bids worth 5.8 billion leks.
The T-notes yielded 8.64%, up from 8.35% at the previous auction held in November. The government papers bear an 8.64% coupon, equalling 164 million leks.
The government securities have an issue date of December 19 and mature on December 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= 119.9414 Albanian leks )
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