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.

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