Czech FinMin targets to raise up to EUR 704mn in four bond sales in Feb 2013.

By bne IntelliNews January 15, 2013
The Czech finance ministry targets to raise between CZK 9bn and CZK 18bn (EUR 704.1mn) in four bond sales in February 2013, the ministry said on its website. The first two issues are planned for February 6, when the ministry will offer for sale 3.4%-coupon bonds maturing in 2015 and 4.2%-coupon bonds maturing in 2036. The next two issues will be held on February 20, when floating-rate bonds maturing in 2028 and 2016 will be offered. At each of the last two auctions the ministry will place between CZK 3bn to CZK 5bn worth of the bonds. At the first auction of 5.5-year bonds the ministry will offer between CZK 2bn to CZK 4bn of the paper and between CZK 1bn to CZK 4bn of the 30-year bonds. Additionally, the ministry will offer T-bills worth a total CZK 17bn in two auctions in February.

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