Spectator on facebook

Spectator on facebook

Investors snap up €1 billion of Slovak five-year bonds

The Slovak government raised €1 billion in a sale of five-year government bonds with an annual coupon rate of 4.625 percent on Wednesday, January 11. The bond sale attracted interest from 135 investors from Europe and Asia, the Debt Management and Liquidity Agency (ARDAL) said on Thursday.

The Slovak government raised €1 billion in a sale of five-year government bonds with an annual coupon rate of 4.625 percent on Wednesday, January 11. The bond sale attracted interest from 135 investors from Europe and Asia, the Debt Management and Liquidity Agency (ARDAL) said on Thursday.

According to the agency, overall demand for Slovak bonds amounted to €1.3 billion. "The interest and participation of investors in the transaction shows Slovakia's strong reputation and its attractiveness. This enabled Slovakia to be the first eurozone-member country to enter the European market in 2012, following a largely volatile situation on capital markets in late 2011," said ARDAL, as quoted by the TASR newswire.

ARDAL described the range of investors as good, in terms of their identity and geographical location. More than half of the bonds (57 percent) were bought by banks, while 21 percent were purchased by investment funds. Central banks obtained 10 percent of the volume, with the remainder going to insurance companies, pension-management funds and other entities. By country, Austria came top in terms of purchasing Slovak bonds (38 percent), followed by Germany (13 percent) and the Benelux countries (6 percent), central and eastern European countries (6 percent), the United Kingdom and Ireland (5 percent combined), and Italy and Switzerland (3 percent each). Slovak investors acquired 12 percent of the bond issue, with 10 percent going to Asian investors.

Source: TASR

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

Top stories

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.