Slovakia became the first new EU-member country from Central and Eastern Europe to sell a 50-year sovereign bond on Tuesday, which was worth €500 million with an interest rate of 2.25 percent P.A., while demand exceeded supply three times, Finance Minister Peter Kažimír announced on Wednesday. "Slovakia yesterday achieved a ground-breaking success on financial markets by placing a sovereign bond with a maturity of 50 years. This happened for the first time in our history, while only five countries in Europe have bonds with similar maturity, including France and Ireland," said Kažimír, adding that Slovakia on Tuesday also sold ten-year bonds worth €1 million at interest rates exceeding 1 percent P.A.
Gavin Shoebridge, Photo: TASR
