The government has managed to obtain a 650 million euro Eurobond on the English stock exchange with an interest rate of 5 percent. The Ministry of Finance explains that the debt received must be repaid over 10 years, as it matures in 2035.
The initial rate of the Eurobond was 5.5 percent, says the Ministry of Finance, but due to higher supply than demand, as there were 195 investors interested in this issue, the interest rate has also been reduced.
"The Ministry of Finance assesses that the issuance of the Eurobond is of particular importance, not only for ensuring liquidity, but also because it ensures the presence of our country in international capital markets and measures investor confidence in bonds issued by the Albanian state. This implies the long-term credibility of the Albanian economy as a whole and public finances in particular."
The ministry says that the improvement in international assessments of the economy, debt management, but also the country's progress towards EU integration has had an impact on the growth of Albania's image before foreign investors.
"The coverage ratio is among the highest achieved, at 4.3 times, and the highest among Central and Eastern European country emissions, as of October 2024."
This is the seventh Eurobond that Albania has issued in foreign markets, after the country has issued 3.8 billion euros in foreign markets since 2010. So far, the value of Eurobonds has reached 3.15 billion euros.
Data from "finance" shows that currently in the state debt portfolio there are 4 Eurobonds with a total value of 2.4 billion euros or about 255 billion lek. (A2 Televizion)
A2 CNN Livestream
MUND TE LEXONI GJITHASHTU
