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Interest rates on treasury bonds, the securities used by the government to obtain debt, have started the year on the rise.
At the first auction of 2024, the one on Thursday, the interest rate on 12-month bonds rose to 3.4 percent from 3.36 percent at the end of the year just left behind. However, despite the slight increase in interest, the government did not manage to receive the entire target amount.
Of the requested 14 billion ALL, Albanian citizens and entrepreneurs invested only 10.5 billion ALL.
Market experts attribute the decline in interest to invest to the fact that a year ago interest rates on 12-month treasury bonds were significantly higher, nearly 2 percent higher than currently.
12-month Treasury bills are expected to be the main instrument the government will use to borrow. Almost 200 billion ALL is expected to be guaranteed through these securities.
In total, to cover the budget deficit, pay old debts and finance some projects, the government plans to borrow 415.2 billion lek this year. According to the plans of the Ministry of Finance and Economy, most of the loans, over ALL 378 billion, are expected to be received within the country. Through a Eurobond, another 36.6 billion ALL is expected to be secured.
The increase in the interest rate for 12-month treasury bonds this beginning of the year could be bad news for Albanian Lek borrowers who will have to pay more for their loan installments./a2cnn
Lini një Përgjigje