BoA: Interest on Bonds Up by 0.2 Percentage Points
Albanian Daily News
Published August 23, 2016

The interests of the Albanian government bonds marked another increase in the auctions held during August.

According to data from the Bank of Albania, two-year bonds were issued at an interest rate of 1.88%, or 0.2 percentage points more than in the July auction.

About ALL 3.6 billion were cashed in out of the 4 billion announced in this auction.

Bank of Albania observed that in the first 6 months of 2016, 2-year bonds (which have regular monthly emissions) recorded consecutive decrease, dropping to 1.50% in June, from 1.9% at March.

According to BoA, in the 5-year and 7-year bond auctions, the respective yields dropped to 3.93% and 4:00%, from 4.95% and 4.90% in the previous auction. However the Central Bank notes that interest on bonds reflect market expectations about the course of easing monetary policy.





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