By Richard Connell
New York, July 14 - The Ministry of Finance of the Czech Republic sold CZK 7,242,380,000 in a reopening of its 3.4% bonds due Sept. 1, 2015 to yield 3.001% at its auction on Wednesday.
The bonds were sold at an average price of 101.82, while the maximum bid price was 101.92 and the cut-off price was 101.77.
Competitive bids were tendered for CZK 14,574,500,000 and accepted for CZK 6,475,500,000. Non-competitive bids were tendered and accepted for CZK 766.88 million.
The issuer bought a further CZK 500 million.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 7,242,380,000
|
| Maturity: | Sept. 1, 2015
|
| Coupon: | 3.4%
|
| Average price: | 101.82
|
| Average yield: | 3.001%
|
| Auction date: | July 14
|
| Settlement date: | July 19
|
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