By Tali Rackner
Norfolk, Va., June 20 – The Slovak Republic’s Ministry of Finance auctioned €428.8 million of bonds in two tranches on Monday, according to government announcements.
The ministry accepted bids for €184.4 million of 228 D bonds due 2027. Of the total accepted bids, €165 million were competitive, €124 million of which were from non-residents, and €19.4 million were non-competitive, $7.1 million of which were from non-residents. The average accepted interest rate was 0.7516%. The cut-off price allotment was par.
It received €299 million total competitive bids for the 228 D bonds, €178 million of which were from non-residents. All non-competitive bids were accepted. The average interest rate received was 0.768%.
The ministry also accepted bids for €244.4 million of 230 B bonds due 2023. Of the total accepted bids, €223 million were competitive, €155 million of which were from non-residents, and €21.4 million were non-competitive, €8.5 million of which were from non-residents. The average interest rate for accepted bids was 0.2322%. The cut-off price allotment was par.
It received €379 million total competitive bids for the 230 B bonds, €280 million of which were from non-residents. All non-competitive bids were accepted. The average interest rate for bids received was 0.2266%.
| Issuer: | Ministry of Finance of the Slovak Republic
|
| Issue: | Government bonds
|
| Amount: | €428.8 million
|
| Auction date: | June 20
|
| Settlement date: | June 22
|
|
|
| 228 D bonds
|
| Amount: | €184.4 million (€165 million competitive, €19.4 million non-competitive)
|
| Maturity: | Jan. 21, 2027
|
| Average interest rate: | 0.7516%
|
|
|
| 230 B bonds
|
| Amount: | €244.4 million (€223 million competitive, €21.4 million non-competitive)
|
| Maturity: | Nov. 13, 2023
|
| Average interest rate: | 0.2322%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
