Slovakia sells EUR 110mn in 2017, 2023 T-bonds, yields down

By bne IntelliNews November 19, 2013

Slovakia sold EUR 110mn in 2017 and 2023 government bonds at an auction on November 18, the finance ministry’s Debt and Liquidity Management Agency (ARDAL) said.

The ministry sold EUR 48mn of a 4.625%-coupon bond, which matures on January 19, 2017, at an average yield of 0.8803%, down from 1.124% at the previous auction held on June 17. The issue attracted bids worth EUR 278mn, setting the bid-to-cover ratio at 5.79, up from 2.33 at the previous auction. Foreign investors placed bids worth EUR 164mn, of which EUR 42mn were approved. The minimum yield of the accepted bid was 0.7977% and the maximum yield was 0.8932%.

ARDAL also sold EUR 62mn of a 3.0%-coupon bond, which matures on February 28, 2023, at an average yield of 2.518%, down from 2.7173% at the previous auction held on September 16. The offer lured bids worth EUR 189mn, setting the bid-to-cover ratio at 3.05, up from 2.5 in September. Foreign investors placed bids worth EUR 105mn, of which EUR 57mn were approved. The minimum yield of accepted bids was 2.4863% and the maximum yield was 2.5269%.

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