World Bank assesses Eurobond – Successful issuance, growing confidence in Albanian economy

The World Bank estimates the successful issuance of the Eurobond by the Albanian government. Hilda Shijaku, head of the World Bank’s office in Tirana,said financial markets are showing a growing confidence in the Albanian economy.

According to Shijaku, this issue was consistent with the debt management strategy, through providing lower interest rates, with a longer term maturity. At the third stage in international financial markets, Albania successfully launched Eurobond worth EUR 500 million.

The maturity of issued Eurobond reached 7 years, from five years on previous issues, while the coupon was 3.55% in a significant decline compared to the previous two issues.

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