BUSINESS IN SHORT

Slovakia sells €107 million in bonds

SLOVAKIA sold government bonds worth €107 million on September 13. The Finance Ministry's Debt and Liquidity Management Agency (ARDAL) raised the amount via an auction of state bonds from the 212 series, maturing in January 2012, the SITA newswire reported.

SLOVAKIA sold government bonds worth €107 million on September 13. The Finance Ministry's Debt and Liquidity Management Agency (ARDAL) raised the amount via an auction of state bonds from the 212 series, maturing in January 2012, the SITA newswire reported.

Total bids of €344.1 million were received, of which €86 million were from foreign investors. The agency accepted bids solely from local investors.

ARDAL has obtained €4.426 billion to cover the state debt and to provide liquidity from bond sales this year. This sum includes €1.5 billion of subscriptions from the €3-billion 10-year benchmark issue from April of this year via a syndicated process.


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