Second Czech retail bond issue attracts EUR 620mn bids, within targeted range.

By bne IntelliNews June 4, 2012
The second offering of Czech retail bonds attracted offers of CZK 15.9bn (EUR 620mn), within the targeted range, the finance ministry said. The ministry was targeting to sell between CZK 10bn and CZK 20bn of the bonds. The subscription period was from May 10 to 31. The offer included 1.5-year discount bonds, five-year coupon and reinvesting saving bonds and seven-year inflation bonds. The issue follows the successful launch of a pilot emission of one and five-year retail bonds in November 2011, when the ministry sold CZK 20.4bn, more than double the initial plan of CZK 10bn. The ministry wants to borrow CZK 243.4bn this year.

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