Yields on Albania’s T-bills drop at primary auction.

By bne IntelliNews October 30, 2013

Albania sold ALL 9.5bn (EUR 67.8mn) worth of T-bills at an auction on October 29, the central bank informed on its website.

The bank auctioned ALL 7.1bn in 12-month bills, in line with the initial offer. Investors’ demand totalled ALL 10.5bn, which corresponded to a relatively weak coverage ratio of 1.48. Despite this, the average yield declined further to 3.82% from 3.87% at the previous auction held three weeks ago.

The bank also sold the announced volume of ALL 2.4bn in three-month T-bills as investors bid for nearly ALL 4bn. The yield averaged 3.42%, down from 3.45% at the previous auction held on September 24.

The central bank has auctioned lek-denominated T-bills worth ALL 272.3bn since the beginning of 2013.

Related Articles

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more

Albania’s central bank to issue new high-denomination banknote

The Albania’s central bank has announced it will issue a new ALL10,000 (€74.9) banknote. The new ALL10,000 banknote will have the highest value issued so far, as the current biggest value ... more

Citizens to get "same information as MPs" as Albania launches new e-governance app

Albanian Prime Minister Edi Rama presented a new online platform for co-governance with citizens entitled “Albania We Want” on October 28. Ensuring functional and responsible ... more