Interest rates of government securities
The government securities are debt instruments issued and guaranteed by the Government of the Republic of Albania. Government securities are issued in the form of Treasury bills and bonds, in both foreign and domestic currency.
- Treasury bills are short-term financial instruments with 3, 6 and 12 month maturity. The yield from this instrument is calculated as the difference between the nominal value and the acquisition price of the coupon.
- Bonds are medium-term and long-term financial instruments with 2, 3, 5, 7 and 10 year maturity. The yield, in the form of a coupon, is paid every 6 months during the lifetime of the instrument. Generally, bonds are issued with a fixed coupon, i.e. with a fixed interest rate throughout the lifetime of the instrument. But, they may be also issued with a variable coupon.