Slovakia to keep on diversifying bond portfolio in 2013 - FinMin.

By bne IntelliNews January 4, 2013
Slovakia will continue to diversify its bond portfolio away from euro-denominated debt this year, aiming to avoid a funding crisis like the one it suffered at the end of 2011, Finance Minister Peter Kazimir told SITA news agency.

Kazimir said the government would aim to issue bonds denominated in U.S. dollars and Japanese yen. In the coming years we want to strengthen our presence on the U.S. bond market, where we were very successful. We had our first meeting with Japanese investors and, depending on the market situation and our needs, we are ready to take advantage of these opportunities, the minister was quoted as saying.

The presentation of Slovakia on Asian markets could also draw the interest of investors from the region to Slovak bonds denominated in euro and U.S. dollars. Last year, Slovakia sold on the international markets EUR 1bn in 2017 bonds, USD 1.5bn 10-year U.S. dollar-denominated government bonds and more than EUR 900mn of Swiss franc and Czech koruna denominated bonds.

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