New Issue: Czech Republic CZK 7.8 billion 2.8% bonds due 2013 yield 2.314%

By Richard Connell

New York, Aug. 4 - The Ministry of Finance of the Czech Republic sold CZK 7,804,360,000 in a reopening of its 2.8% bonds due Sept. 16, 2013 to yield 2.314% at its auction on Wednesday.

The bonds were sold at an average price of 101.4, while the maximum bid price was 101.5 and the cut-off price was 101.36.

Competitive bids were tendered for CZK 18,890,060,000 and accepted for CZK 6.8 billion. Non-competitive bids were tendered and accepted for CZK 1,004,360,000.

Issuer:	Ministry of Finance of the Czech Republic
Issue:	Government bonds
Amount:	CZK 7,804,360,000
Maturity:	Sept. 16, 2013
Coupon:	2.8%
Average price:	101.4
Average yield:	2.314%
Auction date:	Aug. 4
Settlement date:	Aug. 9

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