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

Albania's only urban waste recycling plant burns down

A huge fire broke out at the Everest urban waste recycling plant in Albanian village of Kashar near Tirana, which totally burnt down the factory during the weekend, media reported on April 23. ... more

Albanian oil firm Gulf reportedly under investigation for money laundering

Officials from oil distribution company Gulf Albania are under investigation for money laundering, media in Tirana reported on April 22. The owner of the group is Alexandre Gogokhia, a ... more

Albania wants to attract more US defence sector investments

Albanian Defense Minister Olta Xhacka said that Tirana wants more investments by the US military industry in Albania, after a US company launched work on the installation of the Integrated ... more