Albania places EUR 45mn in 5-year bonds, yields rise.

By bne IntelliNews December 11, 2013

Albania sold a combined ALL 6.3bn (EUR 45mn) in five-year bonds at an auction on December 10, data from the finance ministry showed.

The issues of both five-year fixers and floaters were undersubscribed. In particular, investors submitted bids worth ALL 3.05bn at the announced volume of ALL 4bn of five-year fixed rate bonds. Similarly, the bids for the five-year floaters came in at ALL 3.26bn, below the initial offer of ALL 5bn.

The coupon on the fixed-rate bonds increased to 6.6% from 6.45% at the previous tender. The coupon rate on the floating-rate bonds stood at 5.73%, up from 5.64%.

The central bank, which places state securities on behalf of the government, has so far in 2013 sold ALL 110.7bn of lek-denominated bonds, including ALL 25.8bn in 5-yr securities.

Related Articles

Wiretapped conversations link Albania’s ex-interior minister to drug traffickers

Former Albanian interior minister Saimir Tahiri has been accused of links with drug traffickers after his name was mentioned in a series of wiretapped recordings revealed by Italian media on October ... more

New parliamentary dress code to rein in Albania’s sneaker loving PM

Albanian Prime Minister Edi Rama will have to change his sartorial ways when he attends parliament sessions under a new code of conduct for MPs drawn up by the governing Socialist Party.  The ... more

Albania a "centre of organised crime" says US ambassador

The US ambassador in Albania Donald Lu has urged the authorities in Tirana to fight against organised crime, which he said was the biggest and most difficult challenge ahead for the country. ... more