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Published on 9/19/2016 in the Prospect News Emerging Markets Daily.

New Issue: Slovakia prices €19.4 million government notes due 2027 and 2031

By Susanna Moon

Chicago, Sept. 19 – The Slovak Republic sold €19.4 million of government bonds in two tranches due 2027 and 2031 on Monday.

The total bids were €15.7 million for the government bonds 228 E and €3.7 million for the government bonds 229 B.

For the 228 E bonds, the average interest rate was 0.3939%, the average price was 109.9143, and the cut-off price was par.

For the 229 B bonds, the average interest rate was 0.7879%, the average price was 111.3025, and the cut-off price was par.

Issuer:Slovak Republic
Amount:€19.4 million
Description:Notes
Auction date:Sept. 19
Settlement date:Sept. 21
228 E bonds
Amount:€15.7 million
Maturity:Jan. 21, 2027
Average interest:0.3939%
Average price:109.9143
Cut-off price:Par
229 B bonds
Amount:€3.7 million
Maturity:Jan. 21, 2031
Average interest:0.7879%
Average price:111.3025
Cut-off price:Par

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