Yields on Albanias two-year bonds drop to 8.02% at latest auction.

By bne IntelliNews October 18, 2012
The Albanian central bank sold ALL 2.9bn (EUR 20.9mn) worth of two-year fixed-rate bonds on October 17, below the original offer of ALL 3.5bn, the bank said on its website. Investors submitted bids for a total of ALL 2.98bn. Despite the low demand, the average yield reached 8.02%, 18bps down from the previous auction held on September 18. The bank, which places state securities on behalf of the government, has auctioned lek-denominated bonds of ALL 59.5bn since the start of 2012.

Yields on Albanias two-year bonds drop to 8.02% at latest auction.

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