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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