Czech Republic sells CZK 8bn T-bills, yields edge up as demand weakens.

By bne IntelliNews August 22, 2013

The Czech Republic sold CZK 8bn (EUR 311mn) in 39-week Treasury Bills at an auction on August 22, 2013, in line with the original offer, the central bank said. The bills, which mature on May 23, 2014, were sold at an average yield of 0.13%, slightly up from 0.12% at the previous auction of 39-week bills held on June 6.

Investors’ demand eased to CZK 11.4bn from CZK 14.1bn at the June auction, when CZK 7.6bn of the bills were sold.

The finance ministry plans to offer for sale T-Bills with a nominal value of CZK 40bn in the third quarter of 2012, slightly up from CZK 38.1bn sold in the second quarter.

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