Czech Republic sells EUR 204.5mn in 2018, 2023 bonds.

By bne IntelliNews October 5, 2012
The Czech finance ministry sold CZK 5.1bn (EUR 204.5mn) in 2018 and 2023 government bonds at an auction on October 3, 2012, the central bank said. The ministry sold CZK 3bn of the six-year bonds that carry a fixed annual coupon of 4.6% and mature on August 18, 2018, up from CZK 2bn sold at the previous auction held on September 5. The average yield edged up to 1.516% from the record-low of 1.476% at the previous auction. Investors demand almost doubled to CZK 6.2bn from CZK 3.3bn at the September auction. The ministry also sold CZK 2.1bn of the floater, which matures on April 18, 2023, down from CZK 2.5bn sold at the previous auction also held on September 5. Investors placed CZK 2.9bn worth of bids, providing a 1.2 bid-to-cover ratio, below the 1.6 at the September auction. The average yield rose to 50.886 basis points over the 12-month interbank PRIBOR rate of 1.12%. The ministry was planning to sell between CZK 2bn and CZK 3bn of each paper.

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