Slovakia sells EUR 150.3mn in 2016, 2033 T-bonds.

By bne IntelliNews March 19, 2013
Slovakia sold EUR 150.5mn in 2016 and 2033 government bonds at an auction on March 18, below the targeted value of EUR 175mn, SITA news agency reported citing data from the finance ministrys Debt and Liquidity Management Agency (ARDAL). The agency sold EUR 99.8mn of the floating rate bond issue, which matures on November 16, 2016, at an average price of 97.9294%, down from 98.0014% achieved at the previous auction of the issue held on February 18. The bond, which has a floating interest rate equal to the six-month EURIBOR, attracted bids worth EUR 172.8mn, setting the bid to cover ratio at 1.73, up from 1.35 in February. Foreign investors placed bids worth EUR 62mn, of which EUR 46mn were approved. The minimum price of the accepted bids was 97.8100% and the maximum price was 98.1000%. This was the seventh tranche of the issue and the government expected to sell EUR 150mn worth of the paper. ARDAL sold also EUR 50.5mn of the 20-year issue, which carries a fixed annual coupon of 3.875% and matures on February 8, 2033, at an average yield of 3.8564%. The offer attracted bids worth EUR 70.5mn, setting the bid to cover ratio at 1.4. Foreign investors placed bids worth EUR 55.5mn, of which EUR 30.5mn were approved. The minimum yield of accepted bids was 3.8077% and the maximum yield was 3.8924%. This was the first tranche of the issue, of which ARDAL expects to sell EUR 75mn.
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
    7 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  4. Russia’s war economy boosted by rising oil prices
    8 days ago
  5. Poland’s Orlen paid $400mn to scammers for oil that never arrived
    12 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    25 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days 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
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss