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Published on 11/21/2016 in the Prospect News Emerging Markets Daily.

New Issue: Slovak Republic auctions €509.5 million bonds due 2026 at 0.8519% average rate

By Angela McDaniels

Tacoma, Wash., Nov. 21 – The Slovak Republic’s Ministry of Finance accepted bids for €509.5 million of government bonds due May 22, 2026 at an average price of 97.94 for an average interest rate of 0.8519%, according to a government announcement.

Of the accepted bids, €245.5 million were from non-residents

The cut-off price allotment was 100%.

The republic received €672.5 million of bids, €370.5 million of which were from non-residents.

The average interest rate bid received was 0.8310%, and the average bid price received was 98.1292.

Issuer:Ministry of Finance of the Slovak Republic
Issue:Government bonds
Amount:€509.5 million
Average interest rate:0.8519%
Average price:97.94
Maturity:May 22, 2026
Auction date:Nov. 21
Settlement date:Nov. 23

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