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.

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