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 139 495 395 289 000
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 7sep2017 6m - Domestic bonds AL1783TB6M17 0% 2 686 370 000  ALL 03/07/2017 09/07/2017
Albania, TB 8mar2018 12m - Domestic bonds 0% 9 200 000 000  ALL 03/07/2017 03/08/2018
Albania, GB 5.24 3mar2024 - Domestic bonds 5.24% 2 500 000 000  ALL 03/01/2017 03/03/2024
Albania, TB 22feb2018 12m - Domestic bonds 0% 9 700 000 000  ALL 02/21/2017 02/22/2018
Albania, GB 3.35 17feb2019 - Domestic bonds 3.35% 5 000 000 000  ALL 02/15/2017 02/17/2019
Albania, TB 10aug2017 6m - Domestic bonds 0% 4 000 000 000  ALL 02/07/2017 08/10/2017
Albania, TB 8feb2018 12m - Domestic bonds 0% 9 700 000 000  ALL 02/07/2017 02/08/2018
Albania, GB 5.15 3feb2022 - Domestic bonds 5.15% 6 500 000 000  ALL 02/01/2017 02/03/2022
Albania, TB 27apr2017 3m - Domestic bonds 0% 2 500 000 000  ALL 01/24/2017 04/27/2017
Albania, TB 25jan2018 12m - Domestic bonds 0% 9 199 990 000  ALL 01/24/2017 01/25/2018

World Bond market statistics

Monthly indices

Type Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016
Domestic government bond market (Eastern Europe)
Albanian govt Bonds outst., EUR bln (without Bills) 2.31 2.27 2.29 2.28 2.21 2.21 2.22
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Emerging Markets International Bonds

Monthly indices

Type Feb 2017 Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016
Eastern Europe International Bonds Markets
International bonds of Albania, USD bln 0.736 0.745 0.733 0.736 0.753 0.764 0.761
Sovereign international bonds of Albania, USD bln 0.736 0.745 0.733 0.736 0.753 0.764 0.761
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: 03/22/2017 03/21/2017 03/20/2017 03/17/2017 03/16/2017 03/15/2017 03/14/2017
Exchange Rates (Emerging Markets)
EUR/ALL 135.4640 135.3830 135.3690 135.0730 135.6680 135.3020 134.6200
USD/ALL 125.4930 125.2640 126.1000 125.7500 125.9820 126.4440 126.9050
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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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