Slovakia sells EUR 261.4mn in 2017, 2024 T-bonds, yields down

By bne IntelliNews March 18, 2014

Slovakia sold EUR 261.4mn in 2017 and 2024 government bonds at an auction on March 17, the finance ministry’s Debt and Liquidity Management Agency (ARDAL) said.

The agency sold EUR 129.4mn of a 4.625% coupon bond, which matures on January 19, 2017, at an average yield of 0.6056%, down from 0.8803% achieved at the previous auction held on November 18, 2013. The issue attracted bids worth EUR 172.4mn, setting the bid to cover ratio at 1.3, down from 5.79 in November. Foreign investors placed bids worth EUR 98mn, of which EUR 67mn were approved. The minimum yield of the accepted bids was 0.5079% and the maximum yield was 0.6601%.

ARDAL also sold EUR 132mn of a 3.375%-coupon bond, which matures on November 15, 2024, at an average yield of 2.5574%, down from 2.9793% at the previous auction held on October 21, 2013. The bond attracted bids worth EUR 231mn, setting the bid-to-cover ratio at 1.75, down from 3.92 in October. Foreign investors placed bids worth EUR 176mn, of which EUR 86mn were approved. The minimum yield of the accepted bid was 2.4999% and the maximum yield was 2.5869%.

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