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.

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