TIRANA, Feb 14 /ATA/ – The Minister of Finance Petrit Malaj has highlighted the growing interest of foreign investors as Albania successfully recently issued a 650-million euro Eurobond with a 5% yield and a coupon of 4.75%.
The bond has a maturity of 10 years and is the seventh time and most successful one since 2010 that the country has borrowed from international markets.
Finance Minister Petrit Malaj said in a post on the social media on Friday that as many as 195 investors expressed interest in issuance of Albania’s Eurobond.
“The issuance of the Eurobond shows that Albania has stable economy and that the investor confidence is extremely high,” Malaj said.
According to Finance Minister, this is Albania’s most successful Eurobond issuance since the country issued such an instrument for first time in 2010.
Eurobond’s successful issuance is attributed to several important aspects, mainly the investors’ high demand, leading to significant decline in yields down by 50 points from an initial rate of 5.5%.
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