Albanian central bank to auction EUR 80.8mn T-Bills on Dec 24.

By bne IntelliNews December 18, 2012
Albania's central bank, which places state securities on behalf of the government, said it will auction ALL 11.3bn (EUR 80.8mn) worth of lek-denominated T-bills on December 24. The bank will offer 12-month T-bills worth ALL 8.4mn and 3-month T-bills totalling ALL 2.9bn. The average yield on the 12-month securities increased by 10bps to 6.32% at the latest auction held on December 11, on the back on weak investors demand. The yield on the 3-month T-bills dropped to 6.00% at the latest auction on November 27 from 5.05% achieved at the previous tender held on October 30. The central bank will also auction EUR 20mn worth of 12-month euro-denominated T-bills on December 24. This will be the third issue euro-denominated bills this year. The previous euro-denominated auction took place on August 21, when the bank placed EUR 15mn of 12-month securities at an average yield of 5.26%. The yield declined from 5.66% at the auction on July 24.
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