Albania sold ALL 8.5bn (EUR 60.8mn) worth of T-bills at an auction on August 13, the central bank said in a statement on its website.
The bank auctioned ALL 4.2bn in 12-month bills, in line with the initial offer. Investors’ demand totalled ALL 8.7bn, which corresponded to a relatively healthy coverage ratio of 2.1. The average yield declined to 4.90% from 5.13% at the previous auction held a couple of weeks ago.
The bank also sold the announced volume of ALL 4.3bn in six-month T-bills. The yield averaged 4.53%, down from 5.31% at the previous auction, held on July 9.
The central bank has auctioned lek-denominated T-bills worth ALL 222.7bn since the beginning of 2013.
Albania’s opposition Democratic Party (DP) re-elected Lulzim Basha as party leader for another four-year mandate on July 22, despite the catastrophic general election defeat in June. Basha, 43, ... more
Dismissing "parasites" in the public administration will be the priority of the Socialist-led government during its second mandate, Albanian Prime Minister Edi Rama has said, ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more