TIRANA, November 9/ATA/ For the first time in the history of Albania, on Monday there was issued a 15-year bond.
Minister of Finance and Economy Delina Ibrahimaj described the issuance of this Eurobond as a qualitative development of the capital market and also an increase of investors’ confidence in the bonds of the Albanian government.
According to data provided by the Ministry of Finance, the bond coupon was 5.88%, lower than the indicative coupon of 6.2% that was submitted before the auction by the Ministry of Finance and Economy.
Yields offered by auction participants were in the range between 5.2% and 7%.
In view of the high participation and favorable interest rates, the Ministry of Finance and Economy increased the value of bonds sold by 150 million Lekë, bringing the total borrowing to 1.15 billion Lekë.
15-year bonds are the longest-term debt securities ever issued by the Albanian government.
Ibrahimaj stated yesterday that the continuous improvement of debt management remains an important objective of the government./a.a/p.s./
