By Toni Weeks
San Luis Obispo, Calif., April 17 - The Slovak Republic's Ministry of Finance auctioned €274 million of bonds in two tranches on Thursday, according to government announcements.
The ministry sold €122 million of 218 L bonds due 2016. The average accepted price was 99.9821. The minimum accepted price was 99.9, and the maximum accepted price was 100.0503.
The cut-off price allotment was 20%.
The ministry received €556.5 million of bids for the 218 L bonds, €262 million of which were from non-residents. The average price for the bids received was 99.7926.
Of the accepted bids, €77 million were from non-residents.
The ministry also sold €152 million of 227 A bonds due 2029. The average accepted interest rate was 2.9358%. The minimum accepted interest rate was 2.8986%, and the maximum was 2.9509%.
The cut-off price allotment was 100%.
The ministry received €331 million of bids for the bonds, €179 million of which were from non-residents. The average interest rate received was 2.9703%.
Of the accepted bids, €63 million were from non-residents.
| Issuer: | Ministry of Finance of the Slovak Republic
|
| Issue: | Government bonds
|
| Amount: | €274 million
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| Auction date: | April 17
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| Settlement date: | April 24
|
|
|
| Bonds due 2016
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| Bonds: | 218 L
|
| Amount: | €122 million
|
| Maturity: | Nov. 16, 2016
|
| Average price: | 99.9821
|
|
|
| Bonds due 2029
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| Bonds: | 227 A
|
| Amount: | €152 million
|
| Maturity: | Jan. 16, 2029
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| Average interest rate: | 2.9358%
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