New Issue: Czech Republic auctions CZK 11.51 billion of bonds in three tranches

By Wendy Van Sickle

Columbus, Ohio, Nov. 10 – The Czech Republic priced CZK 11.51 billion of treasury bonds in three tranches at auction on Thursday, according to a notice.

The republic sold

• CZK 5 billion of 98th issue, ninth tranche 0% bonds due July 17, 2019 with an average yield of negative 0.528%;

• CZK 1,505,000,000 of 97th issue, 10th tranche bonds due Oct. 25, 2023 with a 0.45% coupon and an average yield of negative 0.181%; and

• CZK 5 billion of 89th issue, 10th tranche bonds due Sept. 17, 2025 with a 2.4% coupon and an average yield of 0.388%.

The administrator/agent is the Czech National Bank.

Issuer:	Czech Republic
Issue:	Treasury bonds
Total amount:	CZK 11,505,000,000
Agent:	Czech National Bank
Auction date:	Nov. 10
Settlement date:	Nov. 11
98th issue, ninth tranche
Amount:	CZK 5 billion
Maturity:	July 17, 2019
Original maturity:	3.5 years
Coupon:	0%
Average yield:	Negative 0.528%
97th issue, 10th tranche
Amount:	CZK 1,505,000,000
Maturity:	Oct. 25, 2023
Original maturity:	8.1 years
Coupon:	0.45%
Average yield:	0.181%
89th issue, 10th tranche
Amount:	CZK 5 billion
Maturity:	Sept. 17, 2025
Original maturity:	11.5 years
Coupon:	2.4%
Average yield:	0.388%

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