Slovakia sells CHF 75mn in 10-year Swiss franc-denominated government bonds.

By bne IntelliNews May 22, 2012
Slovakia sold on Monday CHF 75mn (EUR 62.4mn) worth of 10-year Swiss franc-denominated government bonds, priced at 179 basis points above mid swaps, Reuters reported. The country's Debt and Liquidity Management Agency (ARDAL) sold last month CHF 100mn of the issue that matures on April 25, 2022 and carries a fixed annual coupon of 2.750% alongside CHF 325mn worth of 2.215% coupon T-bonds maturing on April 25, 2018. "The tap of this issue came as a response to investors' demand," Tomas Kapusta, head of ARDAL's debt management department, told Reuters. 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 497.3mn) worth of a koruna-denominated floating-rate bond maturing on September 2, 2015. Earlier this month, ARDAL sold USD 1.5bn in 10-year dollar-denominated government bonds.

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