Albania places EUR 28.6mn in 5-yr bonds at latest auction, yields down.

By bne IntelliNews November 8, 2013

Albania's central bank, which places state securities on behalf of the government, sold ALL 4bn (EUR 28.6mn) in five-year bonds at an auction on November 7, the bank informed in a statement.

It floated ALL 2.5bn in 5-yr fixed-rate bonds and ALL 1.5bn in 5-yr floaters. The former attracted bids worth ALL 3.5bn, providing a relatively healthy coverage ratio, while the floaters attracted bids of ALL 2bn.

The coupon on the 5-yr fixed-rate bonds and floaters and were 6.54% and 5.64%, down from 7.7% and 7.04% at the previous auction.

The central bank has so far in 2013 sold ALL 98.7bn of lek-denominated bonds, including ALL 19.5bn in 5-yr securities.

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