BRATISLAVA, January 10, (WEBNOVINY) — Slovakia borrowed EUR 94.4 million in the first auction of government bonds this year. Monday’s auction was a continuation of the auction sale of ten-year bonds, in which the state obtained EUR 1.5 billion in April of last year.
The overall demand on Monday reached EUR 274.4 million, of which bids by foreign investors made up EUR 67 million, ARDAL reported. Foreign investors bought bonds worth EUR 35 million of the total accepted volume of EUR 94.4 million.
The demanded interest rate ranged between 4.0900 percent p.a. and 4.4895 percent p.a. The average demanded interest rate thus represented 4.2913 percent p.a. The agency accepted bids at an average interest rate of 4.1669 percent p.a., while the minimum and maximum interest rates stood at 4.0900 percent and 4.2000 percent p.a. respectively.
Last year, ARDAL obtained EUR 7.094 billion to cover the state debt and to provide liquidity from bond sales. This represented a significant increase from the EUR 4.208 billion obtained in 2009. The increase was caused by a higher need to refinance the state budget debt. Last year’s sale included also the EUR 3.5 billion from a syndicated sale of two issues of benchmark bonds from April and October of last year. The agency sold T-bills worth EUR 2.421 billion last year, too, up from EUR 1.259 billion a year ago.
SITA
