Slovakia raises JPY 29.8bn from Samurai bond sale

By bne IntelliNews June 18, 2013

Slovakia has raised JPY 29.8bn (EUR 233.6mn) from the sale of two yen-denominated government bond issues on the Japanese market, Webnoviny.sk reported, quoting information from the Slovak finance ministry’s Debt and Liquidity Management Agency (ARDAL). Slovakia sold JPY 25.6bn worth of notes, which bear an annual coupon of 0.72% and mature on June 25, 2016. It sold also JPY 4.2bn worth of 0.99%-coupon bonds with maturity on June 25, 2018. The issues attracted interest from various investors, including banks, life insurance companies, asset management companies and other institutions.

The Slovak Samurai bond was the first since 1998, when the country sold JPY 15bn in 3-year notes. It is in line with the government’s debt diversification strategy away from euro-denominated debt that was started in 2012 with the aim to avoid a funding crisis like the one it suffered at the end of 2011. Last year, Slovakia sold on the international markets EUR 1bn in 2017 bonds, USD 1.5bn in 10-year U.S. dollar-denominated government bonds and more than EUR 900mn of Swiss franc and Czech koruna denominated bonds. This year, the country has sold CHF 575mn (EUR 467mn) in a dual-tranche bond issue denominated in Swiss francs and EUR 2.75bn in two euro-denominated bonds on the international markets.

Slovakia, which joined the EU in 2004 and the eurozone in 2009, is rated A with a stable outlook by Standard & Poor's, A2 with a negative outlook by Moody's and A+ with a stable outlook by Fitch.

Related Articles

Explosion at Austrian gas hub interrupts supplies to Italy, Hungary and Slovenia

An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more

Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ... more

Dismiss