Slovak Republic buys back €130 million bonds at 99.696 cut-off price

By Jennifer Chiou

New York, Nov. 7 - The Slovak Republic's Ministry of Finance repurchased €130 million of bonds due Jan. 27, 2012 at a cut-off price of 99.6956, according to a government announcement.

Holders submitted total repurchase bids for €151.65 million, none from non-residents.

Of the accepted bids, the average interest rate was 1.441%, with the minimum at 1.46% and the maximum at 1.4107%.

The transactions are expected to settle on Nov. 9.

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