Economy / Albania
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Making Financial Market Progress
November 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: A credit rating and inaugural foreign bond are on the cards in Albania. A domestic currency 5-year floating rate bond has just been issued, taking the lek yield curve into new territory. All this bodes well for the government's aims of improving its debt sustainability. With average maturity of local currency debt around just 200 days there is certainly much to do, and diversifying into hard currency markets would be of considerable utility. The managed ALL/EUR currency float looks to be sustainable for now, which aids long-term debt