By Richard Connell
New York, June 9 - The Ministry of Finance of the Czech Republic sold CZK 8,817,900,000 in a reopening of its 2.8% bonds due Sept. 16, 2013 to yield 2.572% at its auction on Wednesday.
The bonds were sold at an average price of 100.66, while the maximum bid price was 100.75 and the cut-off price was 100.61.
Competitive bids were tendered for CZK 14.302 billion and accepted for CZK 8.404 billion. Non-competitive bids were tendered and accepted for CZK 413.9 million.
The issuer bought a further CZK 1 billion.
Issuer: | Ministry of Finance of the Czech Republic
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Issue: | Government bonds
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Amount: | CZK 8,817,900,000
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Maturity: | Sept. 16, 2013
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Coupon: | 2.8%
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Average price: | 100.66
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Average yield: | 2.572%
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Auction date: | June 9
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Settlement date: | June 14
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