New Issue: Czech Republic's CZK 5 billion 5% bonds due 2019 yield 3.143%

By Richard Connell

New York, Sept. 15 - The Ministry of Finance of the Czech Republic sold CZK 4,999,450,000 in a reopening of its 5% bonds due April 11, 2019 to yield 3.143% at its auction on Wednesday.

The bonds were sold at an average price of 113.73, while the maximum bid was 113.96 and the cut-off price was 113.51.

Competitive bids were tendered for CZK 6,765,060,000 and accepted for CZK 4,999,450,000.

The issuer sold an additional CZK 3 billion of bonds from its portfolio.

Issuer:	Ministry of Finance of the Czech Republic
Issue:	Government bonds
Amount:	CZK 4,999,450,000
Maturity:	April 11, 2019
Coupon:	5%
Average price:	113.96
Average yield:	3.143%
Auction date:	Sept. 15
Settlement date:	Sept. 20

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