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Published on 9/30/2009 in the Prospect News Emerging Markets Daily.

New Issue: Czech Republic €262.49 million 2015 bonds yield six-month Euribor plus 82.179 bps

By Richard Connell

New York, Sept. 30 - The Ministry of Finance of the Czech Republic auctioned €262.49 million in a sale of its floating-rate bonds due Oct. 5, 2015, pricing them with a discount margin of six-month Euribor plus 82.179 basis points on Wednesday.

The bonds were sold with a cut-off price of 101.02. The maximum bid price was 102.02, and the average price was 101.33.

The cut-off discount margin was six-month Euribor plus 82.179 bps. The minimum discount margin bid was six-month Euribor plus 64.929 bps, with an average discount margin bid of six-month Euribor plus 76.811 bps.

For the offering of €300 million, competitive bids were tendered for €661.539 million and accepted for €242.051 million. Non-competitive bids were received and accepted for €20.439 million.

Issuer:Ministry of Finance of the Czech Republic
Issue:Government bonds
Amount:€262.49 million
Maturity:Oct. 5, 2015
Cut-off price:101.02
Cut-off discount margin: Six-month Euribor plus 82.179 bps
Auction date:Sept. 30
Settlement date:Oct. 5

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