Published on 9/8/2010 in the Prospect News Emerging Markets Daily.
New Issue: Czech Republic's CZK 6.77 billion 2.8% bonds due 2013 yield 1.993%
By Richard Connell
New York, Sept. 8 - The Ministry of Finance of the Czech Republic sold CZK 6,767,990,000 in a reopening of its 2.8% bonds due Sept. 16, 2013 to yield 1.993% at its auction on Wednesday.
The bonds were sold at an average price of 102.3, and both the maximum price and the cut-off price were 102.3.
Competitive bids were tendered for CZK 20.11 billion and accepted for CZK 5.95 billion. Non-competitive bids were received and accepted for CZK 817.99 million.
Issuer: | Ministry of Finance of the Czech Republic
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Issue: | Government bonds
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Amount: | CZK 6,767,990,000
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Maturity: | Sept. 16, 2013
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Coupon: | 2.8%
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Average price: | 102.3
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Average yield: | 1.993%
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Auction date: | Sept. 8
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Settlement date: | Sept. 13
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