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

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Ukrainian caught beauty of Nitra in video Video

The city under Zobor is beautiful also from a bird’s perspective.

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between July 21 and 30, including a castle festival, a parkour meeting, a hip-hop dance and music festival, a festival of minorities, a special run,…

Onyx will perform at the Legits Blast event in Banská Bystrica