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Published on 3/19/2018 in the Prospect News Emerging Markets Daily.

New Issue: Slovak Republic auctions €177 million government bonds due 2023, 2031

By Sarah Lizee

Olympia, Wash., March 19 – The Slovak Republic’s Ministry of Finance accepted bids for €94 million of 230 F government bonds due 2023 and €83 million of 229 G government bonds due 2031 during an auction on Monday, according to government announcements.

In the competitive part of the auction for the 2023 bonds, total bids were received for €257.5 million of bonds at an average yield of 0.3808%, bids were accepted for €94 million of bonds, the average accepted yield is 0.2629%, and the average accepted price is 98.5276. In the non-competitive part, no bids were received or accepted.

In the competitive part of the auction for the 2031 bonds, total bids were received for €238.5 million of bonds at an average yield to maturity of 1.3252%, bids were accepted for €83 million of bonds, the average accepted yield is 1.2744%, and the average accepted price is 104.1261. In the non-competitive part, no bids were received or accepted.

Issuer:Ministry of Finance of the Slovak Republic
Issue:Government bonds
Amount:€177 million
Auction date:March 19
Settlement date:March 21
230 F bonds
Amount:€94 million
Maturity:Nov. 13, 2023
Average yield:0.2629%
Average price:98.5276
229 G bonds
Amount:€83 million
Maturity:Jan. 21, 2031
Average yield:1.2744%
Average price:104.1261

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