Slovakia sells EUR 202mn in 2018, 2023 T-bonds, yields down

By bne IntelliNews May 20, 2014

Slovakia sold EUR 201.6mn in 2018 and 2023 government bonds at an auction on May 19, the finance ministry’s Debt and Liquidity Management Agency (ARDAL) said in a statement.

The agency sold EUR 64mn of a 1.5%-coupon bond, which matures on November 28, 2018, at an average yield of 0.8371%, down from 1.1909% achieved at the previous auction held on February 17. The issue attracted bids worth EUR 373.5mn, setting the bid to cover ratio at 5.8%, up from 2.7% in February. Foreign investors placed bids worth EUR 202mn, of which EUR 20mn were approved. The minimum yield of the accepted bids was 0.7987% and the maximum yield was 0.8609%.

ARDAL also sold EUR 137.6mn of a 3%-coupon bond, which matures on February 28, 2023, at an average yield of 1.9123%, down from 2.4178% at the previous auction held on February 17. The bond attracted bids worth EUR 515.1mn, setting the bid-to-cover ratio at 3.7%, up from 2.87% in February. Foreign investors placed bids worth EUR 252.6mn, of which EUR 58.6mn were approved. The minimum yield of the accepted bid was 1.8961% and the maximum yield was 1.9186%.

 

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