At the week's start, Slovakia borrowed €76.3 million on financial markets.
Demand in the auction on Monday, December 10, of government bonds maturing
in October 2025, totalled €102 million, of which bids by non-residents reached €47.5 million, the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) informed the SITA newswire. It ultimately sold securities for €37.5 million to foreign investors in the auction of the overall accepted demand of over €76 million.
In total, ARDAL sold the bonds for the average price of 3.3635 percent p.a., while the minimum accepted price was 3.2900 percent p.a. and the maximum reached 3.4038 percent p.a. Investors demanded an average price of 3.3848 percent p.a. The maximum demand price was 3.4996 percent p.a. and the minimum was 3.2900 percent p.a. ARDAL planned the Monday auction; the state thus offered Slovak securities to investors despite having stockpiled enough cash on financial markets mainly owing to big benchmark issues abroad. No other auction of government bonds is scheduled for this year.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
11. Dec 2012 at 14:00