Slovakia sells EUR 68.4mn government bonds.

By bne IntelliNews September 20, 2011
Slovak finance ministrys Debt and Liquidity Management Agency (ARDAL) placed EUR 68.4mn in government bonds maturing in 2020 at its primary auction on September 19, 2011, the agency said on its website. Investor demand reached EUR 120.5mn and 56.8% of the bids were accepted. Non-resident investors accounted for 30.7% of all submitted bids and EUR 17mn of bonds were purchased by foreign investors. The average ask price stood at 4.2684%, while the price of accepted bids was in the range of 4.223% to 4.2899%. So far in 2011, ARDAL has placed approximately EUR 4.4bn 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 January, ARDALs director Daniel Bytcanek said the ministry plans to raise up to EUR 4bn in syndicated bond issues this year. Totally EUR 8.5mn would be needed for debt refinancing and the remaining EUR 4.5bn debt would be placed on domestic market auctions open for foreign investors.

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