Erste Group Manages € 1.00bn increase of Slovak sovereign bonds

Businessn.a. ♦ Published: April 18, 2011; 22:33 ♦ (Vindobona)

Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors

Erste Group Manages € 1.00bn increase of Slovak sovereign bonds / Picture: © Erste Group / Christian Wind

Erste Group Bank AG (“Erste Group”) through its subsidiary Slovenská sporiteľňa managed a € 1.00bn increase on 9-year Slovak government bonds as Joint Lead Manager. The Slovak Republic, rated A1/A+/A+ (Moody’s/S&P/Fitch, all stable), acted through the Ministry of Finance and was represented by the Debt and Liquidity Management Agency (ARDAL).

The increase brought…