Yields on Albania’s two-year bonds stay flat on low demand.

By bne IntelliNews February 21, 2014

The Albanian central bank sold ALL 2.5bn (EUR 17.8mn) in two-year fixed-rate government bonds at an auction on February 20, in line with the initial offer, the bank said on its website.

Investors submitted bids worth ALL 3.1bn, marginally down from ALL 3.2bn at the previous, auction, held on January 16.

The average yield at the latest auction stood at 4.92%, unchanged from the previous two tenders.

The central bank, which places state securities on behalf of the government, sold ALL 41.2bn in two-year fixed-rate bonds in 2013, while total lek-denominated bonds amounted to ALL 119.2bn. The bank has so far in 2014 sold ALL 11.8bn of lek-denominated bonds.

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