Slovakia seeks to sell CHF 425mn in 2018, 2022 Swiss franc bonds.

By bne IntelliNews April 20, 2012
Slovakia set the terms on two new issues of 6-year and 10-year Swiss franc-denominated bonds, seeking to sell a total of CHF 425mn (EUR 353.6mn) of the papers, the finance ministrys Debt and Liquidity Management Agency (ARDAL) said. ARDAL has issued CHF 325mn in 6-year bonds, which bear a fixed annual coupon of 2.175% and mature on April 25, 2018. It hopes to sell CHF 100mn of the bond that matures on April 25, 2022 and carries a fixed annual coupon of 2.750%. ARDAL plans to list the bonds that have a par value of CHF 5,000 each on the SIX Swiss Exchange and to maintain the listing during the whole life of the bonds. The franc issue is part of Slovakia's move to broaden its base of investors by diversifying away from euro-denominated debt. In February ARDAL issued CZK 12.5bn (EUR 504.6mn) worth of a koruna-denominated floating-rate bond maturing on September 2, 2015.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss