Spectator on facebook

Spectator on facebook

Record low borrowing rate on bond sale

SLOVAKIA’S Debt and Liquidity Management Agency (ARDAL) sold the 12-year government bonds to more than 30 countries in the January 13 auction. The sale was worth €1.5 billion, while the overall demand reached €5.5 billion. The bond interest yield amounted to 1.375 percent p.a., with the accepted price standing at 99.267 percent. The bonds will mature on January 21, 2027, the TASR newswire reported.

SLOVAKIA’S Debt and Liquidity Management Agency (ARDAL) sold the 12-year government bonds to more than 30 countries in the January 13 auction. The sale was worth €1.5 billion, while the overall demand reached €5.5 billion. The bond interest yield amounted to 1.375 percent p.a., with the accepted price standing at 99.267 percent. The bonds will mature on January 21, 2027, the TASR newswire reported.

“The final pricing also represents a new lowest yield ever achieved by Slovakia for a long-dated Euro bond,” ARDAL wrote in a press release.

According to ARDAL, the transaction also benefitted from a highly granular orderbook with 89 percent of the issue placed outside of Slovakia with international investors from over 30 countries. One-quarter of the emission went to Germany and Austria, with the next highest subscriptions going to the and Benelux countries, as reported by the SITA newswire.

Also Finance Minister Peter Kažimír praised the transaction.

“The successful sale is result of our fiscal discipline and continuing stabilisation of public finances, as well as the current favourable situation in the market,” Kažimír said, as quoted by SITA. He added that thanks to the expansive policy of the European Central Bank, the interest rates are at historic low.

Source: ARDAL website, TASR, SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo