The Slovak Republic placed a new 12-year government bond issue worth €2 billion on international capital markets on Tuesday, with the yield to maturity reaching 3.702 percent p.a. at a risk premium of 99 basis points, the Debt and Liquidity Management Agency (ARDAL) announced on the same day.
"By watching the situation in the capital market closely while taking into account macroeconomic developments and the affirmed credit rating for Slovakia, it was possible to take advantage of a stable environment ahead of the European Central Bank's meeting," stated the agency.
The bonds were purchased by 71 investors, with most of the issue going to banks (41 percent), asset managers (33 percent) and central banks or official institutions (17 percent). Pension and insurance funds, as well as hedge funds had a 4.7 percent share each, according to ARDAL.
Geographically, most investors came from Germany, Austria and Switzerland (34.5 percent), the United Kingdom and Ireland (23.2 percent), the Benelux countries (17 percent), Italy (9.1 percent), France (8.7 percent), Scandinavia (4 percent), and Central Europe (1.8 percent).
Source: TASR
