Published on 5/20/2009 in the Prospect News Emerging Markets Daily.
New Issue: Czech Republic auctions CZK 6.01 billion bonds due 2024 to yield 5.853%
By Richard Connell
New York, May 20 - The Ministry of Finance of the Czech Republic sold CZK 6,009,010,000 of its 5.7% bonds due May 25, 2024 to yield 5.853% at its auction on Wednesday.
The bonds were sold at the cut-off price of 98.5, while the maximum bid price was 101.2 and the average price was 99.04.
Competitive bids were tendered for CZK 8,311,010,000 and accepted for CZK 5,346,010,000.
Non-competitive bids were tendered and accepted for CZK 663 million.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 6,009,010,000
|
| Maturity: | May 25, 2024
|
| Coupon: | 5.7%
|
| Price: | 98.5
|
| Yield: | 5.853%
|
| Auction date: | May 20
|
| Settlement date: | May 25
|
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