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

By bne IntelliNews August 28, 2013

Albania sold ALL 10.9bn (EUR 77.7mn) worth of T-bills at an auction on August 27, the central bank informed on its website.

The bank auctioned ALL 8.6bn in 12-month bills, in line with the initial offer. Investors’ demand totalled ALL 14.2bn, which corresponded to a relatively healthy coverage ratio of 1.65. The average yield declined to 4.67% from 4.90% at the previous auction held a couple of weeks ago.

The bank also sold the announced volume of ALL 2.3bn in three-month T-bills. The yield averaged 3.67%, down from 4% at the previous auction, held on July 30.

The central bank has auctioned lek-denominated T-bills worth ALL 233.2bn since the beginning of 2013.

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