BUSINESS SHORTS

Slovakia will not float Eurobonds yet

THE FINANCE MINISTRY'S Debt and Liquidity Management Agency (ARDAL) will float the next Eurobond issue later than originally planned.

The agency originally wanted to float the €1 billion benchmark issue in the first quarter of 2007. Maturity of Eurobonds with a fixed yield should have ranged from 10 to 20 years. However, this will not happen by the end of March and the Eurobond issue will probably be floated in the second quarter 2007, said the head of ARDAL debt management department, Tomáš Kapusta.

ARDAL originally wanted to time the Eurobond issue for the first quarter, when government obligations worth over Sk47 billion (€1.4 billion) were maturing. There is, however, enough money in the state's pockets at the moment, so the agency does not urgently need to issue new bonds. If necessary, it can use funds from the State Treasury system, which centralizes all revenues of the general government.

Get daily Slovak news directly to your inbox

Top stories

Investors pursued projects and transactions despite the virus

Investors pursued projects and transactions despite the virus. Check out the 2020 investment highlights from Slovakia.

The visualisation of new Istropolis building

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.