Shqipëria Posted on 2026-03-12 12:48:00

Public debt attracts investors - 43 billion lek offered in February auctions. Interest rates, slightly decreasing

From Ledina Elezi

Public debt attracts investors - 43 billion lek offered in February auctions.

During February, activity in the securities market showed high dynamics, reflecting the state's borrowing needs and investors' interest in securing profits through public debt. The Ministry of Finance held eight auctions, offering a total of 43 billion lek. This amount was divided almost equally between treasury bills, which serve as short-term loans, and bonds, which represent the state's long-term debt.

For investors, the main indicator remains the interest, or yield, which determines the benefit in exchange for the loan granted to the state. For 1-year bonds, this interest closed at an average of 2.43%. On the other hand, for long-term investments, such as 15-year bonds, the interest reached up to 5.67%. The data show that in most auctions, the interest rates have decreased slightly compared to previous months, reflecting a lower cost of borrowing for the public budget.

Beyond the initial purchases, these securities also circulated in the secondary market, where 23 transactions were carried out during February with a total value of 2.82 billion lek. The main volume of this circulation was realized between banks, while investment funds and individuals had a more limited participation.

This cycle continues throughout March, with the Ministry of Finance planning nine new auctions to raise around 45.5 billion lek. The calendar foresees the reopening of several categories, from 2.5-year to 20-year bonds, offering different investment duration options.

For citizens who wish to participate in these auctions, the process is carried out through two main routes:

Through the Central Bank, individuals can participate directly in Treasury Bill auctions at the Bank of Albania counters, for amounts that do not exceed the limits set for individuals.

Through commercial banks, for all other categories, including long-term bonds, citizens must turn to their banks as intermediaries. These institutions enable the opening of a custody account for the securities and submit bids to the auction according to market interests.

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