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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