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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
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