By Richard Connell
New York, June 24 - The Ministry of Finance of the Czech Republic sold CZK 6,001,520,000 in a reopening of its 5.7% bonds due May 25, 2024 to yield 6.135% at its auction on Wednesday.
The bonds were sold at the cut-off price of 95.81, while the maximum bid price was 96.62 and the average price was 96.03.
Competitive bids were tendered for CZK 7,391,010,000 and accepted for CZK 5,490,010,000. Non-competitive bids were tendered and accepted for CZK 511.51 million.
The issuer bought a further CZK 1 billion.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 6,001,520,000
|
| Maturity: | May 25, 2024
|
| Coupon: | 5.7%
|
| Price: | 95.81
|
| Yield: | 6.135%
|
| Auction date: | June 24
|
| Settlement date: | June 29
|
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