New Issue: Czech Republic auctions CZK 11.77 billion bonds due 2018, 2026, 2027

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – The Czech Republic priced CZK 11,768,240,000 of bonds in three tranches at auction on Friday, according to a notice.

One of the tranches, the 90th issue, sixth tranche, totaled CZK 4.13 billion. The variable-rate bonds, which mature Nov. 19, 2027, priced with an average discount margin of negative 6.263 basis points.

Another tranche, the 88th issue, eighth tranche, totaled CZK 4.17 billion. The 0.85% bonds, which are due March 17, 2018, priced with an average yield of negative 0.001%.

Another tranche, the 95th issue, second tranche, totaled CZK 3.47 billion. The 1% bonds, which are due June 26, 2026, priced with an average yield of 0.979%.

Issuer:	Czech Republic
Issue:	Treasury bonds
Total amount:	CZK 11,768,240,000
Auction date:	Aug. 28
Settlement date:	Aug. 28
90th issue, sixth tranche
Amount:	CZK 4,125,180,000
Maturity:	Nov. 19, 2027
Coupon:	Variable
Average discount margin:	Negative 6.263 bps
88th issue, eighth tranche
Amount:	CZK 4,172,200,000
Maturity:	March 17, 2018
Coupon:	0.85%
Average yield:	Negative 0.001%
95th issue, second tranche
Amount:	CZK 3,470,860,000
Maturity:	June 26, 2026
Coupon:	1%
Average yield:	Negative 0.001%

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