Slovakia sells EUR 1.25bn worth of 12-yr bonds on international markets.

By bne IntelliNews November 8, 2012
Slovakia sold EUR 1.25bn worth of a new 12-year government bond issue on the international market on Wednesday (Nov 7), with total demand reaching USD 2.1bn, Reuters reported. The bonds, which carry an annual coupon of 3.375% and mature on Nov 15, 2024, were priced at the tight end of initial guidance set at 150-153bps over the benchmark swaps curve. Finance Minister Peter Kazimir said the deal was very good as this was the lowest ever interest rate paid on Slovak long-term bonds. "This is good news for our refinancing and will also ease pressure on public finances," Kazimir was quoted as saying. The bond was placed via a syndicate of banks, including Societe Generale Corporate & Investment Banking, UniCredit and Slovenska Sporitelna, the Slovak unit of Erste Group. Slovakia last tapped the international markets in May, selling USD 1.5bn 10-year dollar-denominated bonds. Slovakia met its EUR 7.5bn gross borrowing target for 2012 already in the first half of the year, but it now took advantage of the record low borrowing costs to raise funds for pre-financing its 2013 needs. In October, the neighbouring Czech Republic raised EUR 750mn in a reopening of a 10-year Eurobond, and Poland sold EUR 1.75bn in bonds on international debt markets, also benefitting from the favourable conditions on the international debt markets.
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss