Slovakia sells EUR 48.5mn in 2025 bonds.

By bne IntelliNews July 10, 2012
Slovakia sold EUR 48.5mn in 2025 government bonds at an auction on July 9, the finance ministrys Debt and Liquidity Management Agency (ARDAL) said. The issue, which carries an annual coupon of 4.35% and matures on October 14, 2025, was sold at an average annual yield of 4.14%, down from 4.26% achieved at the previous auction held on June 11. It attracted bids worth EUR 73.9mn, setting the bid to cover ratio at 1.52, up from 1.39 in June. Foreign investors placed bids worth EUR 33.5mn, of which EUR 21.5mn were approved. The minimum yield requested by investors was 4.14% and the maximum yield was 4.15%. IntelliNews comment: Slovakia has almost reached its borrowing target for this year as a renewed demand for longer-term government securities helped it raise EUR 2.54bn from T-bond sales so far this year. ARDAL has also sold on international markets EUR 1bn of the 2017 bonds, a USD 1.5bn 10-year U.S. dollar-denominated government bond and more than EUR 900mn of Swiss franc and Czech koruna denominated bonds, aiming do diversify its bond portfolio away from euro-denominated debt.

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