Czechs to auction 50-year domestic bond Nov 21

15.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Republic will offer 8 billion crowns ($439.8 million) worth of its first-ever 50-year domestic bond on Nov. 21 to cater to investor...

...demand for ultra-long paper, the Finance Ministry said on Thursday.

The ministry said it would also use the special bond auction to buy 10 billion crowns worth of the 50-year paper for its own portfolio as part of its strategy to gradually replace short-term Treasury bills and lower its refinancing risk. (Reporting by Marek Petrus; Editing by Ruth Pitchford) ($1=18.19 Czech Crown)

Keywords: CZECH BOND/

[PRAGUE/Reuters/Finance.cz]

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