Slovakia sold its longest bond on international markets

The demand was three times higher than the actual amount.

Illustrative stock photoIllustrative stock photo (Source: Sme)

Slovakia borrowed €1 billion for a period of 30 years at an interest rate of around 2 percent on the international markets on October 10.

Finance Minister Peter Kažimír (Smer) described the issuing of the bonds as successful. The demand was three times as high as the final amount, he added for the TASR newswire.

The bonds were bought by 170 investors from 15 countries, according to the finance minister. Almost half of them were from Austria and Germany (49 percent). The second largest group was from the Benelux countries and France (17 percent), followed by investors from Britain, Ireland, Italy and Scandinavia, the state-run Debt and Liquidity Management Agency (ARDAL) added.

“This shows that 170 investors appeared who have lent money to this country for 30 years,” Kažimír said, as quoted by TASR. “They’ve expressed clear confidence in the future of this country, regardless of what happens here sometimes and what we hear. In my opinion, this is clear evidence that we’re on the right track.”

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