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ECONOMIC BRIEFS

Eurobond issue may be increased again

Slovakia will decide within the next two weeks whether to further increase its recent euro bond issue, Finance Minister Brigita Schmögnerová said on July 6.

In June Slovakia launched a 350 million euro ($357.5 million) bond issue priced to yield 420 basis points over benchmark German Bunds, later increasing the issue by another 50 million euros with a 415 basis point spread. Schmögnerová told journalists that while the government had not yet made a decision on increasing the issue, conditions were now more favourable than they had been in June. The original issue, she added, was currently trading with a spread below 400 basis points.

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