Slovakia issues EUR 100mn in 2020 bonds.

By bne IntelliNews April 26, 2011
Slovakias finance ministry issued EUR 100mn in 2020 bonds into its own portfolio, the ministrys Debt and Liquidity Management Agency announced on its website. The bonds bear an annual coupon of 4%. Slovakia raised EUR 1bn in a syndicated 2020 bond issue on March 14, 2011 earlier this month. The bond was priced at 4.664% which is a 1.342pts premium on benchmark German bonds. In January, ARDALs director Daniel Bytcanek said the state plans to raise up to EUR 4bn through syndicated bond issues in 2011. Totally EUR 8.5mn would be needed for debt refinancing and the remaining EUR 4.5bn debt would be placed on domestic market auctions open for foreign investors. So far in 2011, ARDAL has placed approximately EUR 3.3bn in government bonds, including a syndicated EUR 1.25bn six-year issue and EUR 361.5mn T-bills. In 2010 the government raised EUR 7.1bn in bond issues on the financial markets, including EUR 2bn from the sale of syndicated 15-year benchmark bonds in October and EUR 1.5bn from a syndicated 10-year issue in April. Also, last year ARDAL placed EUR 2.4bn T-bills.

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