BUSINESS BRIEFS

VÚB bank issues bonds

VÚB, one of Slovakia's biggest retail banks, is planning to issue Sk1 billion (€250 million) worth of mortgage bonds on December 13.

Buyers can purchase the bonds until June 20, 2005. The nominal value per bond will be Sk10,000 (€250). The bonds will mature in three years and the yield is set at 4 percent.

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