BoA’s weekly Auction

TIRANA, Dec.7 – Albania’s central bank auctioned on Tuesday 15.3 billion leks ($163.6 million/123.6 million euro) in three Treasury bill issues on behalf of the Finance Ministry. The ministry offered a three-month T-bill issue with a par value of 2.4 billion leks, maturing on March 8 next year, six-month T-bills worth 6.8 billion leks maturing on June 7 and 6.1 billion leks worth of 12-month T-bills maturing on December 6. The final result of the sale was 14.9 billion leks ($160.5 million/120.7 million euro) of three-, six- and 12-month Treasury bills at higher yields, according to the bank. Regarding three-month T-bills, BoA, offered and sold out 1.4 billion leks worth of government paper, as dealers placed bids for the total amount on offer. They yielded an average 6.33 percent, up from 6.23 percent in the previous auction held last week. The bank sold all offered six-month T-bills worth 6.5 billion leks as yields rose to 6.99 percent from 6.84 percent in the previous auction held on November 21. The bank also offered 7.5 billion leks worth of 12-month T-bills. It sold out seven billion leks as bidders placed bids for that amount. The 12-month T-bills yielded an average 7.67 percent, up from 7.5 percent in the previous auction two weeks ago