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NEW BENCHMARK BOND
The Czech Finance Ministry has set the coupon for the new 5-year benchmark state bond at 3.55 percent per annum. An auction of an 8 billion crown ($382 million) inaugural tranche of the paper takes place on April 11.
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FITCH AFFIRMS RATING
Fitch Ratings has affirmed the Czech Republic's Foreign Currency Issuer Default Rating at 'A' with a Stable Outlook and Local Currency Issuer Default Rating at 'A+' with a Stable Outlook.
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The crown gained ground on Thursday after the Fitch rating agency report.
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- For previous updates on currency moves click on [CZK/].
CAR SALES JUMP
New passenger and light utility car registrations jumped 12.9 percent year-on-year in the first quarter to 42,929 units.
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GE PAY COMPENSATION
GE Money Bank agreed to pay 800 million crowns ($38.20 million) to shareholders of failed Czech bank Agrobanka which will in exchange withdraw the petition to declare bankruptcy which could have partly affected GE Money Bank, writes the daily Hospodarske Noviny. The U.S. bank took over most of Agrobanka's assets after its failure under central bank guarantees.
For overview of economic data and forecasts click on For Instant Views of key economic data click on [CZ/INSTANT] For summary of economic data and forecasts For diary of forthcoming Czech events [CZ/DIARY] For calendar of east European economic indicators [CONV/DIARY] TOP NEWS -- Emerging markets [TOP/EMRG] TOP NEWS -- Convergence watch [TOP/EAST]
For an economic indicator diary for the euro zone, the United States and other Group of Seven countries see
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($1=20.94 Czech Crown)