Slovakia will buy back treasury bills before they mature, worth €150 million, the SITA newswire wrote. This is the result of an auction on October 22 to buy back treasury bills maturing on January 16 of next year.
Investors offered securities worth €315 million, of which treasury bills for €40 million came from portfolios of foreign investors. As the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) further informed, investors offered securities at an average price of 0.1281% p.a. The minimum offered rate was 0.2058% p.a. with a maximum at 0.0201% p.a. ARDAL accepted bids at an average price of 0.1686% p.a., minimum interest was 0.2058% p.a. and the maximum accepted rate was 0.1501% p.a. Representatives of the state informed in the middle of the year that Slovakia has already borrowed enough funds to refinance its debt for this year. It managed to sell government bonds in the first half of the year, particularly in the Czech Republic, Switzerland, and the United States. Overall, since the beginning of the year Slovakia sold government bonds for more than €6.8 billion, and ARDAL also offered treasury bills to investors.
Compiled by Zuzana Vilikovská from press reports
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23. Oct 2012 at 14:00