BRATISLAVA, February 18, (WEBNOVINY) – In a bond auction on the financial markets, Slovakia on Monday borrowed more than 430 million euros. Similarly to January, investors were again offered two series of bonds maturing at the end of 2016 and the beginning of 2017. Primarily foreign investors were interested. In both auctions on Monday they bought Slovak debt for nearly 300 million euros, informed the Finance Ministry’s Debt and Liquidity Management Agency (ARDAL).
In the first auction of government bonds maturing in January 2017, of the aggregate bids of 254 million euros ARDAL accepted 175 million euros. Bonds for 158 million euros are going into the portfolio of foreign investors. In the second auction of bonds maturing in November 2016, aggregate bids reached 345.6 million euros. ARDAL accepted bids of 255.2 million euros, of which more than half, 129.7 million euros again went to foreign investors.
In the case of bonds maturing in 2017, ARDAL accepted bids at an average interest rate of 1.3795 percent per annum, while investors initially asked for an average of 1.4032 percent interest. Maximum accepted interest in this auction finally reached 1.4182 percent p.a. and minimum 1.2567 percent per annum. In the second auction, the average accepted bond price was 98.0014 percent, the minimum price was 97.8500 percent and the maximum 98.1000 percent.
Slovakia has offered government bonds on financial markets twice this year. In two auctions in January, it sold bonds to investors for more than 420 million euros. Overall, ARDAL plans for this year twelve auctions of government bonds, and plans to open at least five new lines of bonds. Moreover, it should also offer two new issues of Treasury bills.
SITA