TIRANA, June 16 /ATA/ – The Minister of Finance and Economy Delina Ibrahimaj affirmed Friday that Albania has issued a 600 million euro worth five-year Eurobond, with a 5.9% coupon, last week.
“The investors demand was twice as much than the issued amount of the Eurobond. Such a high demand shows the investors’ interest in Albania and that the Albanian economy is growing steadily and the Eurobond is seen as a good potential for investment,” Finance Minister said.
She acknowledged that the Eurobond was issued at a higher yield than in 2021 and this happened because tighter financing conditions due to the war in Ukraine.
“European Central Bank applied negative benchmark rates in 2021, whereas its interest rate has surged to 3.75%,” she noted.
This is the sixth Eurobond issue for Albania. The country issued a 650 million-euro ten-year Eurobond in November 2021. Prior to that, Albania issued a 650 million euro seven-year Eurobond in 2020, a 500 million euro seven-year Eurobond in 2018 and a 450 million-euro five-year Eurobond in 2015. The first 300 million euro Eurobond was issued in 2010.
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