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Treasury bond interest rate at 10-month low

2024-08-15 09:37:34Biznes SHKRUAR NGA REDAKSIA VOX

Treasury bond interest rate at 10-month low

Treasury bond interest rates fell to a 10-month low. In the first auction for the month of August, the interest rate reached 3.17% from 3.19% at the end of July.

Although a decline in interest is not a positive signal for investors, demand to buy these securities was high.

The Bank of Albania announces that for a total amount requested it was almost 9.1 billion ALL, out of 7.3 billion ALL announced for financing by the Ministry of Finance.

Lower bond levels were not recorded since October 2023, before the Bank of Albania raised the interest rate from 3% to 3.25%.

The best period in the investment of these securities, which the government uses to pay debts, was the year 2023, where the interest rate is at the level of 5.03%. This early August finds this indicator 1.86 percent less.

According to the Finance Ministry's issuance calendar, 12-month Treasury bills are expected to be the main instrument the government will use to borrow. Almost 200 billion ALL is expected to be guaranteed through these securities.

In total, to cover the budget deficit, pay old debts and finance some projects, the government plans to borrow 415.2 billion lek this year. According to the plans of the Ministry of Finance, most of the loans, over ALL 378 billion, are expected to be received within the country. Through a Eurobond, another 36.6 billion ALL is expected to be secured.

A drop in interest rates for Treasury bonds can translate into good news for Albanian borrowers in Lek, who will have to pay more for their loan installments.


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