Slovak Bond Yields at Record Low

Businessn.a. ♦ Published: November 8, 2012; 15:19 ♦ (Vindobona)

Erste Group successfully placed € 1.25 bn 12-year benchmark Slovak government Eurobond at record low yield of 3.375%. New issue amassed € 2.1 bn order book across 140 investors.

Slovak Bond Yields at Record Low / Picture: © Vindobona.org

Erste Group Bank AG (”Erste Group”) through its subsidiary Slovenská sporiteľňa successfully managed a € 1.25 bn 12-year new issue for the Slovak government as Joint Lead Manager. The Slovak Republic, rated A2 negative / A stable/ A+ stable (Moody’s/S&P/Fitch), acted through the Ministry of Finance and was represented by the Debt and Liquidity Management Agency (ARDAL).…