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Slovakia Holds Hugely Successful Bond Auction

The Finance Minister of Slovakia, Peter Kazimir has said that the country’s most successful bond auction yesterday proves that Slovakian bonds are ‘a perfect opportunity for investors’.

Yesterday, two separate auctions were held, raising €85 million and €112 million, organised by the country’s Debt and Liquidity Management Agency (ARDAL).

The first auction for €85 million of sovereign bonds had a maturity date for 15th November 2024, and received an average rate of 0.637%.

The second €112 million maturing on 28th November 2018, had an average rate of -0.0449 according to TASR news agency.

This was the first time in Slovakia’s history that bonds have sold at a negative interest rate. It is understood that the state is planning another debt auction next month.

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