Slovakia's Gross Funding Needs to Amount to EUR6 Billion in 2022; 1-2 New Government Bonds Expected
December 08 2021 - 10:50AM
Dow Jones News
By Emese Bartha
Slovakia's gross funding needs should reach 6.0 billion euros
($6.76 billion) in 2022, the Slovak debt and liquidity management
agency Ardal said Wednesday.
Ardal plans to open one or two new government bond lines next
year, via syndication and/or auction, it said.
The new bonds Ardal envisages for next year are a bond line with
an issue size of EUR3 billion or EUR5 billion and with medium-term
maturity, and a bond with issue size of EUR5 billion and with
long-term maturity, it said.
The total expected amount to be sold via syndicated sales is
EUR2 billion to EUR3 billion, regardless of the number of
transactions, it said.
Similarly to its historical pattern, Ardal plans to conduct bond
auctions once per month, with two to four bonds to be sold
simultaneously, it said. The debt agency plans to conduct auctions
in January to June, and in September to November, with no auctions
envisaged in July, August and December.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
December 08, 2021 10:35 ET (15:35 GMT)
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