By Richard Connell
New York, Oct. 21 - The Ministry of Finance of the Czech Republic auctioned CZK 5,130,310,000 in a reopening of its floating-rate bonds due April 11, 2012, pricing with a discount margin of six-month Pribor minus 3.549 basis points on Wednesday.
The bonds were sold with a cut-off price of 102.4. The maximum bid price was 102.8, and the average price was 102.53.
The cut-off discount margin was six-month Pribor plus 1.749 bps. The minimum discount margin bid was six-month Pribor minus 14.528 bps, with an average discount margin bid of six-month Pribor minus 3.549 bps.
Competitive bids were tendered for CZK 14,500,700,000 and accepted for CZK 4,765,700,000. Non-competitive bids were received and accepted for CZK 364.61 million.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 5,130,310,000
|
| Maturity: | April 11, 2012
|
| Average price: | 102.53
|
| Average discount margin: | Six-month Pribor minus 3.549 bps
|
| Cut-off price: | 102.4
|
| Cut-off discount margin: Six-month Pribor plus 1.749 bps
|
| Auction date: | Oct. 21
|
| Settlement date: | Oct. 26
|
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