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ARDAL sells more than €280 million in bonds
18 Feb 2014 Flash News
SLOVAKIA borrowed more than €280 million on the financial market on February 17, with bonds offered in two auctions, most of which were bought by foreign investors. In the first auction of bonds maturing in February 2023, securities worth €139 million were sold, of which foreign investors bought bonds for €134 million.
The Finance Ministry’s Debt and Liquidity Management Agency (ARDAL) informed the SITA newswire that the total demand in the first auction reached €399.6 million, with foreigners’ bids amounting to €321.9 million. The average demanded interest rate in the auction of nine-year bonds was 2.4644 percent per annum, while the average accepted bid represented 2.4178 percent p.a.
The second auction offered bonds maturing in 2018. In total, €142 million were raised in the auction, while bonds worth €55 million ended up in foreign investors’ hands. Overall demand reached €385 million on €178-million in foreign demand. The average demanded interest rate was 1.2364 percent p.a., while ARDAL accepted an average rate of 1.1909 percent p.a.
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