By Jennifer Chiou
New York, Oct. 26 - Czech National Bank announced the issue of CZK 8 billion of 2.75% government bonds due March 31, 2014 in an auction on Wednesday.
The average price was 102.7, and the average yield was 1.599%.
The cut-off yield was 1.633%.
The bank received total bids for CZK 20.14 billion of the securities, including non-competitive bids for CZK 416.36 million.
Settlement is slated for Monday.
| Issuer: | Czech National Bank
|
| Issue: | Government bonds
|
| Amount: | CZK 8 billion
|
| Maturity: | March 31, 2014
|
| Coupon: | 2.75%
|
| Price: | 102.7 (average)
|
| Yield: | 1.599% (average)
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
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