Albania: bonds

The internal debt stock makes up a considerable percentage in the total of the debt portfolio. The short-term instruments later September 2012 make up round 54.07 % of the total of the internal debt portfolio, while the long-term instruments amount to 44.02% of the portfolio.

The overwhelming majority of the long-term instruments consists of 2 and 5 year bonds. An increase in percentage is seen also with the 3, 5 and 7 year bonds, respectively by 44 and 98 percentage points. This is connected to the fact that the bulk of the new borrowing during 2012 continues to be made up of the 3, 5 and 7 year bonds, as well as the 12-month treasury bills.

The participation in auctions during 2012 was not stable. A certain number of auctions turned out to be with a cover ratio above 1, thus meeting the needs of the government for bills and bonds.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
ALL 136 491 917 699 000
USD 2 258 750 000
EUR 2 485 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Albania, TB 24may2018 12m - Domestic bonds 0% 9 700 000 000  ALL 05/23/2017 05/24/2018
Albania, GB 2.44 22may2019 - Domestic bonds 2.44% 4 865 300 000  ALL 05/18/2017 05/22/2019
Albania, TB 9nov2017 6m - Domestic bonds 0% 3 183 050 000  ALL 05/09/2017 11/09/2017
Albania, TB 10may2018 12m - Domestic bonds 0% 9 700 000 000  ALL 05/09/2017 05/10/2018
Albania, TB 26apr2018 12m - Domestic bonds 0% 6 306 780 000  ALL 04/25/2017 04/26/2018
Albania, GB 2.2 24apr2019 - Domestic bonds 2.2% 5 000 000 000  ALL 04/20/2017 04/24/2019
Albania, GB 2.7 7apr2020 - Domestic bonds 2.7% 2 999 900 000  ALL 04/05/2017 04/07/2020
Albania, TB 5oct2017 6m - Domestic bonds 0% 3 497 390 000  ALL 04/04/2017 10/05/2017
Albania, TB 5apr2018 12m - Domestic bonds 0% 8 702 600 000  ALL 04/04/2017 04/05/2018
Albania, GB 2.95 17mar2019 - Domestic bonds 2.95% 4 800 000 000  ALL 03/15/2017 03/17/2019

World Bond market statistics

Monthly indices

Type Apr 2017 Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016
Domestic government bond market (Eastern Europe)
Albanian govt Bonds outst., EUR bln (without Bills) 2.34 2.31 2.31 2.27 2.29 2.28 2.21
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Emerging Markets International Bonds

Monthly indices

Type Apr 2017 Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016
Eastern Europe International Bonds Markets
International bonds of Albania, USD bln 0.749 0.739 0.736 0.745 0.733 0.736 0.753
Sovereign international bonds of Albania, USD bln 0.749 0.739 0.736 0.745 0.733 0.736 0.753
Corporate international bonds of Albania, USD bln 0.000 0.000 0.000 0.000 0.000 0.000 0.000
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Currencies

Daily indices

Type: 05/26/2017 05/25/2017 05/24/2017 05/23/2017 05/22/2017 05/19/2017 05/18/2017
Exchange Rates (Emerging Markets)
EUR/ALL 134.3700 134.4220 134.6120 134.6200 134.6490 134.7810 134.7980
USD/ALL 120.2380 119.9220 120.0570 120.3850 119.8720 120.2990 121.3890
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Macroeconomic Indicators (World economy)

Monthly indices

Type Apr 2017 Mar 2017 Feb 2017 Jan 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Albania) 1.90 2.10 2.20 2.80
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Yearly indices

Type 2015 2014
Government Debt to GDP (World), %
Government Debt to GDP(Albania) 72.13 69.77

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Albania, 5.75% 12nov2020, EUR   EUR 11/12/2020 05/18/2016 *** *.** 05/18/2016 ***.** *.**
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