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

By bne IntelliNews August 14, 2013

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.

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