By Jennifer Chiou
New York, July 20 - The Ministry of Finance of the Czech Republic auctioned CZK 8 billion of floating-rate government bonds due April 18, 2023 on Wednesday.
According to an announcement from the Czech National Bank, the average price was 101.74 for an average discount margin of 48.569 basis points.
The cut-off price was 101.43, and the cut-off discount margin was 54.54 bps.
The total bid volume was CZK 16.9 billion. Non-competitive bids were received and accepted for CZK 50 million.
| Issuer: | Ministry of Finance of the Czech Republic
|
| Issue: | Government bonds
|
| Amount: | CZK 8 billion
|
| Maturity: | April 18, 2023
|
| Coupon: | Floating
|
| Average price: | 101.74
|
| Average discount margin: | 48.569 bps
|
| Auction date: | July 20
|
| Settlement date: | July 25
|
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