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

By bne IntelliNews May 29, 2013

Albania’s central bank sold ALL 15.4bn (EUR 109.2mn) worth of T-bills at an auction on May 28, the bank said in a statement on its website. The bank auctioned ALL 12.6bn in 12-month bills, in line with the initial offer. Investors’ demand totalled ALL 17.6bn, which corresponded to a relatively healthy coverage ratio of 1.4. The average yield declined to 5.78% from 5.92% at the previous auction held a couple of weeks earlier.

The bank also sold ALL 2.8bn in three-month T-bills, also in line with the announced volume. The yield averaged 4.65%, down from 4.98% at the previous auction on April 30.

The central bank has auctioned lek-denominated T-bills worth ALL 154.3bn since the beginning of 2013.

Related Articles

Wiretapped conversations link Albania’s ex-interior minister to drug traffickers

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

New parliamentary dress code to rein in Albania’s sneaker loving PM

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

Albania a "centre of organised crime" says US ambassador

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

Dismiss