Spectator on facebook

Spectator on facebook

Slovakia sells €305 million in 2014 bonds at January 23 auction

The Finance Ministry said investors continued to show confidence in Slovak government bonds even after Standard & Poor’s rating agency downgraded the country's sovereigncredit rating, noting that on January 23 Slovakia borrowed €305.2 million in the financial market while overall demand reached €530.2 million. The ministry’s Debt and Liquidity Management Agency (ARDAL) told the SITA newswire that foreign investors were interested in €132 million of the short-terms bonds that mature in April 2014.

The Finance Ministry said investors continued to show confidence in Slovak government bonds even after Standard & Poor’s rating agency downgraded the country's sovereign
credit rating, noting that on January 23 Slovakia borrowed €305.2 million in the financial market while overall demand reached €530.2 million. The ministry’s Debt and Liquidity Management Agency (ARDAL) told the SITA newswire that foreign investors were interested in €132 million of the short-terms bonds that mature in April 2014.

Slovakia also borrowed money by selling treasury bills last week, SITA wrote. Overall demand for the T-bills was three times higher than the final volume sold. Investors were willing to purchase T-bills worth €982.4 million while ARDAL finally accepted bids for €294.5 million.

Source: SITA

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

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

Regional authority stops money for school that warned against fascists

Though there is no obvious link between the criticism and the decision to scrap the subsidy, there are some indications.

Marian Kotleba

Eight Tatra peaks in 27 hours

The man from Košice ended up before his goal due to health problems.

Richard Zvolánek

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival