Spectator on facebook

Spectator on facebook

Slovakia borrowed €530 million on Monday

Slovakia borrowed more than €530 million on the market on Monday, April 15, as the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) sold government bonds in this volume. It offered them to investors, similar to the last time, in two auctions held on the same day. In the first auction of ten-year bonds, it sold €376 million, of which €89 million was bought by foreign investors. In the second auction, of bonds maturing in January 2017, the agency accepted bids of €157.3 million, of which €70 million were sold to foreign investors.

Slovakia borrowed more than €530 million on the market on Monday, April 15, as the Finance Ministry's Debt and Liquidity Management Agency (ARDAL) sold government bonds in this volume. It offered them to investors, similar to the last time, in two auctions held on the same day. In the first auction of ten-year bonds, it sold €376 million, of which €89 million was bought by foreign investors. In the second auction, of bonds maturing in January 2017, the agency accepted bids of €157.3 million, of which €70 million were sold to foreign investors.

The accepted bids thereby significantly exceeded the original amount which the agency itself estimated. According to its monthly overview, it expected to raise €100 million by each bond issue. There was, however, high demand for Slovak bonds in the auctions on Monday of almost €1.1 billion. In the first auction it reached €681.9 million and €401.8 million in the second. Most of the demand came from local investors, and foreign demand in both
auctions together reached more than €410 million, the SITA newswire wrote.
The bonds, maturing in February 2023, were sold on Monday at an average interest rate of 2.8078 percent per annum, while investors initially demanded on average 2.8322 percent per annum. The accepted price for shorter bonds maturing in 2017 reached 1.2543 percent per annum, while the originally requested average price was 1.3001 percent per annum.

The Hospodárske noviny daily wrote in its Tuesday issue that the Slovak state borrowed money under the most advantageous conditions in its history, saving millions of euros.

(Source: SITA, Hospodárske noviny)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Long-neglected Renaissance house in Bratislava’s centre reveals its secrets Photo

The National Trust is bringing the historical Rómer’s house back to life.

Renaissance Rómer’s house in the Bratislava's Old Town

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

RE-inventing modern theatre Photo

This year's international theatre festival REvolves around the prefix “re”, playing with its meanings and connotations, while also commemorating the years in (Czecho-)Slovak history ending with 8.

TR Warsaw: My Struggle