{"id":5890,"date":"2025-01-29T06:45:47","date_gmt":"2025-01-29T06:45:47","guid":{"rendered":"https:\/\/zennihost.com\/test\/2025\/01\/29\/emetohen-per-here-te-pare-obligacionet-20-vjecare-kerkese-e-larte-nga-investitoret\/"},"modified":"2025-01-29T06:45:47","modified_gmt":"2025-01-29T06:45:47","slug":"emetohen-per-here-te-pare-obligacionet-20-vjecare-kerkese-e-larte-nga-investitoret","status":"publish","type":"post","link":"https:\/\/zennihost.com\/test\/2025\/01\/29\/emetohen-per-here-te-pare-obligacionet-20-vjecare-kerkese-e-larte-nga-investitoret\/","title":{"rendered":"Emetohen p\u00ebr her\u00eb t\u00eb par\u00eb obligacionet 20-vje\u00e7are, k\u00ebrkes\u00eb e lart\u00eb nga investitor\u00ebt"},"content":{"rendered":"<p>Ministria e Financave zhvilloi t\u00eb mart\u00ebn ankandin e par\u00eb t\u00eb obligacioneve 20-vje\u00e7are. Ankandi t\u00ebrhoqi interes mjaft t\u00eb lart\u00eb t\u00eb investitor\u00ebve. Nga 1.5 miliard\u00eb lek\u00eb q\u00eb ishte shuma e shpallur e emetimit, n\u00eb ankand u paraqit\u00ebn k\u00ebrkesa totale n\u00eb vler\u00ebn e 4.26 miliard\u00eb lek\u00ebve. Fal\u00eb k\u00ebrkes\u00ebs s\u00eb lart\u00eb dhe \u00e7mimit t\u00eb favorsh\u00ebm, Ministria e Financave vendosi ta rris\u00eb shum\u00eb e emetimit me 15%, p\u00ebr nj\u00eb vler\u00eb totale prej 1.72 miliard\u00eb lek\u00ebsh.<\/p>\n<p>Yield-i uniform i pranuar dhe kuponi i obligacionit rezultuan n\u00eb nivelin 6.78%, posht\u00eb kuponin referenc\u00eb prej 7% t\u00eb paraqitur para ankandit nga Ministria e Financave. N\u00eb muajin mars, Ministria e Financave ka parashikuar edhe nj\u00eb rihapje e ankandit t\u00eb obligacioneve 20-vje\u00e7are, p\u00ebr nj\u00eb vler\u00eb prej 1 miliard lek\u00ebsh.<\/p>\n<p>Obligacionet 20-vje\u00e7are jan\u00eb instrumentet m\u00eb afatgjata t\u00eb borxhit t\u00eb emetuara ndonj\u00ebher\u00eb nga qeveria shqiptare. Zgjatja e maturitetit maksimal t\u00eb borxhit \u00ebsht\u00eb n\u00eb parim nj\u00eb sinjal i forcimit t\u00eb besueshm\u00ebris\u00eb s\u00eb huamarr\u00ebsit. N\u00eb vitet e fundit, treguesit e borxhit publik jan\u00eb p\u00ebrmir\u00ebsuar, fal\u00eb ecuris\u00eb s\u00eb mir\u00eb t\u00eb ekonomis\u00eb pas pandemis\u00eb, forcimit t\u00eb lekut n\u00eb kursin e k\u00ebmbimit valutor dhe nj\u00eb politike fiskale m\u00eb konservatore, me deficite buxhetore m\u00eb t\u00eb ul\u00ebta.<\/p>\n<p>Pasi arriti nj\u00eb nivel rekord prej m\u00eb shum\u00eb se 74% t\u00eb PBB-s\u00eb n\u00eb vitin 2021, borxhi publik ka ardhur n\u00eb r\u00ebnie t\u00eb shpejt\u00eb gjat\u00eb viteve n\u00eb vazhdim dhe n\u00eb fund t\u00eb vitit 2023 zbriti n\u00eb 57.5% t\u00eb PBB-s\u00eb. Sipas vler\u00ebsimeve paraprake t\u00eb Ministris\u00eb s\u00eb Financave n\u00eb fund t\u00eb 9-mujorit 2024 borxhi publik ishte sa 55.45% e PBB-s\u00eb. Ulja e borxhit b\u00ebri q\u00eb agjencit\u00eb kryesore t\u00eb vler\u00ebsimit t\u00eb kreditit, S&amp;P Global Ratings dhe Moody\u2019s, gjat\u00eb k\u00ebtij viti ta p\u00ebrmir\u00ebsonin not\u00ebn e borxhit Sovran t\u00eb vendit.<\/p>\n<p>N\u00eb dekad\u00ebn e fundit, Ministria e Financave ka ndjekur nj\u00eb strategji t\u00eb zgjatjes graduale t\u00eb maturitetit t\u00eb borxhit publik, me q\u00ebllim kryesor uljen e rrezikut t\u00eb rifinancimit, por edhe p\u00ebrfitimin nga cikli i normave t\u00eb ul\u00ebta t\u00eb interesit. N\u00eb fundin e muajit shtator 2024, maturiteti mesatar i instrumenteve t\u00eb borxhit t\u00eb brendsh\u00ebm u rrit n\u00eb 928 dit\u00eb, nga rreth 630 dit\u00eb q\u00eb kishte qen\u00eb nj\u00eb dekad\u00eb m\u00eb par\u00eb.<\/p>\n<p>Nga ana tjet\u00ebr, k\u00ebrkesa mjaft e lart\u00eb n\u00eb ankand tregon se investitor\u00ebt jan\u00eb t\u00eb interesuar p\u00ebr alternativa m\u00eb afatgjata investimi dhe p\u00ebr t\u00eb rritur kthimin e portofoleve t\u00eb tyre.<\/p>\n<p>K\u00ebto instrumente jan\u00eb nj\u00eb alternativ\u00eb e mir\u00eb sidomos p\u00ebr investitor\u00ebt institucional\u00eb. Ve\u00e7an\u00ebrisht p\u00ebr shoq\u00ebrit\u00eb q\u00eb administrojn\u00eb fonde me horizont afatgjat\u00eb, si fondet private t\u00eb pensionit, obligacionet 20 vje\u00e7are krijojn\u00eb mund\u00ebsi p\u00ebr t\u00eb pasuruar spektrin e titujve n\u00eb protofole dhe p\u00ebr t\u00eb rritur kthimet p\u00ebr an\u00ebtar\u00ebt.<\/p>\n<p>P\u00ebr her\u00eb t\u00eb par\u00eb vitin e kaluar, tregu i instrumenteve t\u00eb borxhit t\u00eb qeveris\u00eb shqiptare n\u00eb lek\u00eb t\u00ebrhoqi edhe investitor\u00eb institucional\u00eb nga jasht\u00eb vendit. Nga ana tjet\u00ebr, shtimi i instrumenteve t\u00eb borxhit me maturim m\u00eb afatgjat\u00eb krijon m\u00eb shum\u00eb premisa p\u00ebr t\u00eb zhvilluar tregun dyt\u00ebsor t\u00eb titujve, p\u00ebr t\u2019i b\u00ebr\u00eb k\u00ebta tituj m\u00eb likuid\u00eb.\/ Monitor<\/p>\n<p>The post <a href=\"https:\/\/lapsi.al\/2025\/01\/29\/emetohen-per-here-te-pare-obligacionet-20-vjecare-kerkese-e-larte-nga-investitoret\/\">Emetohen p\u00ebr her\u00eb t\u00eb par\u00eb obligacionet 20-vje\u00e7are, k\u00ebrkes\u00eb e lart\u00eb nga investitor\u00ebt<\/a> appeared first on <a href=\"https:\/\/lapsi.al\/\">Lapsi.al<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Ministria e Financave zhvilloi t\u00eb mart\u00ebn ankandin e par\u00eb t\u00eb obligacioneve 20-vje\u00e7are. Ankandi t\u00ebrhoqi interes mjaft t\u00eb lart\u00eb t\u00eb investitor\u00ebve. Nga 1.5 miliard\u00eb lek\u00eb q\u00eb ishte shuma e shpallur e emetimit, n\u00eb ankand u paraqit\u00ebn k\u00ebrkesa totale n\u00eb vler\u00ebn e 4.26 miliard\u00eb lek\u00ebve. Fal\u00eb k\u00ebrkes\u00ebs s\u00eb lart\u00eb dhe \u00e7mimit t\u00eb favorsh\u00ebm, Ministria e Financave vendosi [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5890","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts\/5890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/comments?post=5890"}],"version-history":[{"count":0,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts\/5890\/revisions"}],"wp:attachment":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/media?parent=5890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/categories?post=5890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/tags?post=5890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}