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.

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