Slovakia to auction 2016, 2017 T-bonds on February 18.

By bne IntelliNews February 6, 2013
Slovakia will offer 2016 floaters and 2017 fixed-rate government bonds at its second auction for this year scheduled for February 18, the finance ministry's Debt and Liquidity Management Agency (ARDAL) said. The floating rate bond, which matures on November 16, 2016, has a floating interest rate equal to the six-month EURIBOR. This will be the sixth tranche of the issue. At the latest action of the issue, held on Nov 12, 2012, ARDAL sold EUR 94.2mn of the bond at an average annual price of 97.81%. Now, the government expects to sell EUR 150mn worth of the paper. The other bond to be auctioned on Feb 18 carries a fixed annual coupon of 4.625% and matures on January 19, 2017. This will be the fifth domestic tranche of the issue, of which Slovakia sold EUR 1bn in January in a syndicated offering on the international markets. At the previous action of the issue, held on Jan 21, 2013, ARDAL sold EUR 223mn of the bond at an average yield of 1.087%. Now it expects to sell EUR 200mn worth of the paper.
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