BUSINESS BYTES

Bonds in Sk debut on London bourse

For the first time ever on July 23, two Eurobond issues denominated in Slovak crowns were sold on the London Stock Exchange. The European Bank for Reconstruction and Development (EBRD) issued the Eurobonds, which have a total nominal value of 500 million Sk and yield a fixed interest of 12.5 percent p.a. The bonds have a two-year maturity. The manager of the bond issue, Bayerische Vereinsbank, increased the offer to 750 million Sk that same day.

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