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Published on 4/16/2013 in the Prospect News Emerging Markets Daily.

New Issue: Slovak Republic auctions €533.3 million of bonds in two tranches

By Marisa Wong

Madison, Wis., April 16 - The Slovak Republic's Ministry of Finance auctioned €533.3 million of bonds in two tranches on Monday, according to government announcements.

The ministry auctioned €157.3 million of 219 G bonds due 2017.

The average accepted interest rate was 1.2543%. The minimum accepted interest rate was 1.2256%, and the maximum was 1.2713%.

The ministry received €401.8 million of bids for the bonds, €156 million of which were from non-residents. The average interest rate received was 1.3001%. Of the accepted bids, €70 million were from non-residents.

The ministry also auctioned €376 million of 225 A bonds due 2023.

The average accepted interest rate was 2.8078%. The minimum accepted interest rate was 2.7801%, and the maximum was 2.8216%.

The ministry received €681.9 million of bids for the bonds, €257.8 million of which were from non-residents. Of the accepted bids, €89 million were from non-residents.

Issuer:Ministry of Finance of the Slovak Republic
Issue:Government bonds
Amount:€533.3 million
Auction date:April 15
Settlement date:April 18
219 G bonds
Amount:€157.3 million
Maturity:Jan. 19, 2017
Average interest rate:1.2543%
225 A bonds
Amount:€376 million
Maturity:Feb. 28, 2023
Average interest rate:2.8078%

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