Slovakia sells EUR 211.5mn 3-year t-bonds, avg yield set at 2.7%.

By bne IntelliNews October 18, 2011
Slovakia sold at an auction on October 17 EUR 211.5mn of 3-year t-bonds, the Finance Ministrys Debt and Liquidity Management Agency (ARDAL) said on its website. The auction attracted bids worth EUR 247.5mn, setting the bid-to-cover ratio at 1.17, down from 1.60 at the previous 3-year bond auction, held on July 11. Foreign investors placed bids for a total EUR 56.5mn, but managed to buy bonds for EUR 41.5mn. The government bonds have a zero coupon and mature on April 7, 2014. The average annual yield achieved at the auction was 2.7%, down from 3% in July. The minimum yield was 2.56% and the maximum yield was 2.75%. The average accepted price rose to EUR 93.68 from EUR 92.29, while the cut-off price grew to EUR 93.53 from EUR 92.17. Slovakia has sold government securities for over EUR 2.35bn in 17 government bond auctions so far. Totally, ARDAL has placed some EUR 4.76bn in government bonds, including a syndicated EUR 1.25bn six-year issue, a syndicated EUR 1bn issue maturing in 2020 and EUR 633mn in T-bills. In 2010 ARDAL raised EUR 7.09bn in bond sales, significantly more than the previous years EUR 4.21bn, due to increased needs to refinance the state budget deficit. The government securities placed in 2010 included EUR 3.5bn in syndicated loans and EUR 2.42bn in T-bills.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss