Slovakia’s government bond auction results in no sales

Slovakia did not sell any bonds at its November 14 auction of five-year government bonds because the demand for the bonds reached only €13 million and the average offered price was only 92.4923 percent, the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) told the SITA newswire.

Slovakia did not sell any bonds at its November 14 auction of five-year government bonds because the demand for the bonds reached only €13 million and the average offered price was only 92.4923 percent, the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) told the SITA newswire.

ARDAL's head, Daniel Bytčánek, told Reuters that he was disappointed with the demand, which he said reflects the situation in Europe, particularly in Italy and Slovenia.

Bytčánek said that in spite of the unsuccessful auction, Slovakia continues to be in a relatively comfortable position in being able to refinance its debt.

Source: SITA, Reuters

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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