By Richard Connell
New York, Feb. 24 - The Ministry of Finance of the Czech Republic sold CZK 7,772,300,000 of 3.4% bonds due Sept. 15, 2015 to yield 3.303% at its auction on Wednesday.
The bonds were sold at an average price of 100.44, while the maximum bid price was 100.6 and the cut-off price was 100.35.
For the announced offering of CZK 8 billion, competitive bids were tendered for CZK 19,690,010,000 and accepted for CZK 6.8 billion. Non-competitive bids were tendered and accepted for CZK 972.3 million.
The issuer bought a further CZK 1 billion.
Issuer: | Ministry of Finance of the Czech Republic
|
Issue: | Government bonds
|
Amount: | CZK 7,772,300,000
|
Maturity: | Sept. 15, 2015
|
Coupon: | 3.4%
|
Average price: | 100.44
|
Average yield: | 3.303%
|
Auction date: | Feb. 24
|
Settlement date: | March 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.