By Richard Connell
New York, March 25 - The Ministry of Finance of the Czech Republic sold CZK 14,398,500,000 in 4.1% bonds due April 11, 2011 to yield 3.758% at its auction on Wednesday.
The bonds were sold at the cut-off price of 100.66, while the maximum bid price was 101.02, and the average price was 100.77.
A total of CZK 20 billion was offered in this auction, with competitive bids tendered for CZK 20.684 billion and accepted for CZK 13,568,500,000. Non-competitive bids were tendered and accepted for CZK 830 million.
The issuer bought a further CZK 5,601,500,000.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 14,398,500,000
|
| Maturity: | April 11, 2011
|
| Coupon: | 4.1%
|
| Price: | 100.66
|
| Yield: | 3.758%
|
| Auction date: | March 25
|
| Settlement date: | March 30
|
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