By Richard Connell
New York, Aug. 19 - The Ministry of Finance of the Czech Republic auctioned CZK 8,289,350,000 in a reopening of its floating-rate bonds due April 11, 2012, pricing them to yield a discount margin of six-month Pribor plus 42.189 basis points on Wednesday.
The bonds were sold at the cut-off price of 101.55. The maximum bid price was 101.71, and the average price was 101.61.
The cut-off discount margin was six-month Pribor plus 42.189 bps. The minimum discount margin bid was six-month Pribor plus 36.019 bps, with an average discount margin bid of six-month Pribor plus 19.873 bps.
Competitive bids were tendered for CZK 16,392,600,000 and accepted for CZK 7,537,600,000. Non-competitive bids were received and accepted for CZK 751.75 million.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 8,289,350,000
|
| Maturity: | April 11, 2012
|
| Cut-off price: | 101.55
|
| Cut-off discount margin: Six-month Pribor plus 42.189 bps
|
| Auction date: | Aug. 19
|
| Settlement date: | Aug. 24
|
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