Albania achieves successfully the third Eurobond – Offer 1 billion euros, interest 3.6% -3.7%

The Albanian government has successfully achieved the third Eurobond in international markets.

Referring to Thomson Reuters data, the offer was quite high at about 1 billion euros, from 500 million euros required by the Albanian government. The yield or expected interest rate of this Eurobond is 3.6% to 3.7%, much lower compared to the 5.75% interest paid for the Eurobond 450 million euros issued in 2015. The maturity date of this third euro bond from 500 million euros, is November 9, 2025.

According to the information, the Eurobond loan will be used to meet the budget funding needs but also to repay 200 million euro debts received through the Eurobond issued in 2015, in terms of obtaining lower interest rates, will result in lowering the cost of debt in the state budget and citizens.

SCAN

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