The Albanian central bank sold ALL 2.5bn (EUR 17.8mn) in two-year fixed-rate government bonds at an auction on September 19, in line with the initial offer, the bank said on its website.
Investors submitted bids worth ALL 7.2bn. This corresponded to a strong 2.9 coverage ratio, up from 2.55 at the previous auction held a month ago, when the bank also sold the announced volume of ALL 3.5bn. The average yield at the latest auction declined further by 80bps to 4.67%.
The bank, which places state securities on behalf of the government, has sold ALL 33.2bn in two-year fixed-rate bonds since the beginning of 2013, while total lek-denominated bonds amounted to ALL 78.4bn.
Former Albanian interior minister Saimir Tahiri has been accused of links with drug traffickers after his name was mentioned in a series of wiretapped recordings revealed by Italian media on October ... more
Albanian Prime Minister Edi Rama will have to change his sartorial ways when he attends parliament sessions under a new code of conduct for MPs drawn up by the governing Socialist Party. The ... more
The US ambassador in Albania Donald Lu has urged the authorities in Tirana to fight against organised crime, which he said was the biggest and most difficult challenge ahead for the country. ... more