SLOVAKIA has borrowed an additional €110 million by selling government bonds. The Finance Ministry's Debt and Liquidity Management Agency (ARDAL) raised the sum in a June 14 auction of government bonds from the No. 213 series maturing in 2016, the SITA newswire reported.
Overall demand from investors reached €220 million. The agency accepted bids at the limit price of 100.2432 percent. The average accepted interest rate in the auction was 3.4724 percent per annum, the minimum was 3.2500 percent, and the maximum interest rate was 3.4497 percent per annum.
Prior to the June 14 auction, Slovakia had raised €3.731 billion so far this year from investors in financial markets from the sale of government bonds. The money was raised in order to service existing debt and support liquidity. The sum includes subscriptions of €1.5 billion from the €3 billion benchmark ten-year issue of April 2010.
