SLOVAKIA borrowed over €200 million on the financial market on May 19. The Finance Ministry Debt and Liquidity Management Agency (ARDAL) offered bonds maturing in February 2023 and November 2018 to investors in two auctions. Interest among investors was more than four times the accepted volume, the SITA newswire reported.

In the first auction of bonds maturing in February 2023, aggregate demand reached €515.1 million, of which bids from nonresidents reached almost €253 million. ARDAL accepted €137.6 million, while Slovak government bonds for €58.6 million will end up in the portfolios of foreign investors. The average accepted interest rate in this auction reached 1.9123 percent p.a. while initially requested average rate was 1.9428 percent p. a.

In the second auction of securities, due in November 2018, investors wanted to buy Slovak government bonds for €373.5 million, of which bids from nonresidents reached €202 million. ARDAL accepted bids of €64 million of which €20 million were from foreign investors. The accepted interest rate averaged 0.8371 percent p.a. Investors initially requested an average interest rate of 0.8970 percent p. a.

Overall, Slovakia on May 19 sold government bonds for €201.6 million on a total demand of almost €890 million.

Source: SITA

Compiled by Michaela Terenzani from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information
presented in its Flash News postings.