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Published on 9/16/2014 in the Prospect News Emerging Markets Daily.

New Issue: Slovak Republic auctions €121.5 million notes due 2023 at 1.2102%

By Susanna Moon

Chicago, Sept. 16 – The Ministry of Finance of the Slovak Republic accepted bids for €121.5 million of notes due Feb. 28, 2023 at an average rate of 1.2102%.

The cut-off price was 100.

The minimum rate was 1.1847%, and the maximum rate was 1.2426%.

Of the total amount, nonresidents submitted €132 million of bids, of which €58 million was accepted.

The total amount of bids received was €298 million.

Issuer:Slovak Republic
Issue:Notes
Amount:€121.5 million
Maturity:Feb. 28, 2023
Cut-off price:100
Average rate:1.2102%
Auction date:Sept. 16
Settlement date:Sept. 19

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