Published on 2/18/2011 in the Prospect News Emerging Markets Daily.
New Issue: Slovak Republic auctions €1.25 billion bonds due 2016 to yield 3.597%
By Jennifer Chiou
New York, Feb. 18 - The Ministry of Finance of the Slovak Republic auctioned €1.25 billion of bonds due Feb. 24, 2016 with an accepted average interest rate of 3.597%.
Total bids amounted to €1,896,950,000, including €1,099,250,000 from non-residents.
The cut-off price was 99.563.
| Issuer: | Ministry of Finance of the Slovak Republic
|
| Issue: | Government bonds
|
| Amount: | €1.25 billion
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| Maturity: | Feb. 24, 2016
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| Average interest rate: | 3.597%
|
| Cut-off price: | 99.563
|
| Auction date: | Feb. 17
|
| Settlement date: | Feb. 24
|
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