Spectator on facebook

Spectator on facebook

Slovakia to float 20-year eurobond

SLOVAKIA will issue a 20-year eurobond totaling Sk40 billion (€1.1 billion) on the local market.

The bonds will have a fixed yield of 4.5 percent. The national Debt and Liquidity Management Agency will subscribe them in the course of 10 years, until it reaches the maximum volume of the issue. The first auction is scheduled for May 5.

The bonds will allow the country to distribute its debt servicing over a longer period, Finance Minister Ivan Mikloš said.

"Slovakia has already floated a 15-year eurobond [totaling €1 billion] this year, and the issue of the 20-year bond on the local market indicates the positive development of the overall economy," Mikloš said.

The 15-year eurobond was the first Slovak issue within the Euro Medium Term Note program, which enables Slovakia to annually place eurobonds of up to €2 billion on European capital markets.

Top stories

Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

Unemployment rate keeps decreasing

Positive development of Slovakia’s economy seen behind the decrease.

European Investment Bank supported Slovakia with €918 million in 2016

2016 was a successful year for the EIB Group in Slovakia, said EIB Vice-President Vazil Hudák.

Vazil Hudák

Slovak film won Crystal Bear at Berlinale

The film Little Harbour that won the Generation Kplus section – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear