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.

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