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.
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
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 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