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.

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