Albania sells EUR 28.3mn in two-year bonds, yields down.

By bne IntelliNews June 19, 2013

The Albanian central bank sold ALL 4bn (EUR 28.3mn) in two-year fixed-rate government bonds at an auction on June 18, in line with the initial offer, the bank said on its website.

Investors submitted bids worth ALL 5.3bn providing a 1.3 coverage ratio, down from 1.75 at the previous auction, a month earlier, when the bank also sold the announced volume of ALL 3.5bn. The average yield at the latest auction declined further by 8bps to 6.70%.

The bank, which places state securities on behalf of the government, has sold ALL 23.7bn in two-year fixed-rate bonds since the beginning of 2013, while total lek-denominated bonds amounted to ALL 56.5bn.

Related Articles

Albanian opposition Democrats re-elect party leader despite disastrous election defeat

Albania’s opposition Democratic Party (DP) re-elected Lulzim Basha as party leader for another four-year mandate on July 22, despite the catastrophic general election defeat in June. Basha, 43, ... more

Albanian PM says new government to get rid of “parasites” in administration

Dismissing "parasites" in the public administration will be the priority of the Socialist-led government during its second mandate, Albanian Prime Minister Edi Rama has said, ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss