The World Bank estimates the successful issuance of the Eurobond by the Albanian government. Hilda Shijaku, head of the World Bank’s office in Tirana,said financial markets are showing a growing confidence in the Albanian economy.
According to Shijaku, this issue was consistent with the debt management strategy, through providing lower interest rates, with a longer term maturity. At the third stage in international financial markets, Albania successfully launched Eurobond worth EUR 500 million.
The maturity of issued Eurobond reached 7 years, from five years on previous issues, while the coupon was 3.55% in a significant decline compared to the previous two issues.
SCAN