Bank of Albania/All Rights Reserved
TIRANA (Albania), October 16 (SeeNews) – Albania’s finance ministry said it sold 2.3 billion leks ($20.4 million/18.5 million euro) worth of three-year fixed-rate Treasury notes at an auction on October 16, above its 2.0 billion leks target, as the issue was oversubscribed.
The coupon rate on the issue was set at 2.3%, unchanged from the last auction of three-year fixed-rate T-notes held on August 9, according to figures posted on the website of the finance ministry.
Details follow:
| Auction date | Oct 16 | Aug 9 |
| Amount offered (bln leks) | 2 | 4 |
| Amount sold (bln leks) | 2.3 | 3.4 |
| Total bids placed (bln leks) | 4.4 | 3.4 |
| Bid-to-cover ratio | 2.18 | 0.85 |
| Maximum requested yield | 2.94% | 2.92% |
| Minimum requested yield | 2.54% | 2.4% |
| Coupon | 2.3% | 2.3% |
(1 euro = 122.030 leks)