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 139 496 120 630 000
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, 7.2 9jan2027 - Domestic bonds 7.2% 2 563 300 000  ALL 01/05/2017 01/09/2027
Albania, TB 6jul2017 6m - Domestic bonds 0% 6 990 780 000  ALL 12/29/2016 07/06/2017
Albania, TB 4jan2018 12m - Domestic bonds 0% 10 300 000 000  ALL 12/29/2016 01/04/2018
Albania, GB 3.6 22dec2018 - Domestic bonds 3.6% 2 419 000 000  ALL 12/20/2016 12/22/2018
Albania, TB 21dec2017 12m - Domestic bonds 0% 6 037 640 000  ALL 12/20/2016 12/21/2017
Albania, TB 8jun2017 6m - Domestic bonds 0% 2 142 630 000  ALL 12/06/2016 06/08/2017
Albania, TB 7dec2017 12m - Domestic bonds 0% 5 783 780 000  ALL 12/06/2016 12/07/2017
Albania, GB 0.75 2dec2018 - Domestic bonds 0.75% 35 000 000  EUR 11/30/2016 12/02/2018
Albania, GB 3.35 24nov2018 - Domestic bonds 3.35% 2 554 200 000  ALL 11/22/2016 11/24/2018
Albania, TB 23nov2017 12m - Domestic bonds 0% 5 100 000 000  ALL 11/22/2016 11/23/2017

World Bond market statistics

Monthly indices

Type Dec 2016 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Domestic government bond market (Eastern Europe)
Albanian govt Bonds outst., EUR bln (without Bills) 2.29 2.29 2.28 2.21 2.21 2.22 2.20
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Emerging Markets International Bonds

Monthly indices

Type Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016
Eastern Europe International Bonds Markets
International bonds of Albania, USD bln 0.733 0.736 0.753 0.764 0.761 0.762 0.758
Sovereign international bonds of Albania, USD bln 0.733 0.736 0.753 0.764 0.761 0.762 0.758
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: 01/16/2017 01/13/2017 01/12/2017 01/11/2017 01/10/2017 01/09/2017 01/06/2017
Exchange Rates (Emerging Markets)
EUR/ALL 137.3370 137.1520 136.6920 137.0520 136.4780 136.0640 135.3120
USD/ALL 129.5400 128.9300 128.4750 129.3240 129.2500 128.7330 128.5000
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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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