Czechs set 50-yr bond coupon at 4.85 pct annually

20.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Finance Ministry has set the coupon for the central European country's debut 50-year local currency bond issue at 4.85 percent per...

...annum, the ministry said on Tuesday.

The central bank (CNB), which acts as the ministry's agent for selling debt securities on the domestic market, will hold an auction of an 8 billion crown ($443 million) inaugural tranche of the paper on Nov. 21.

The issue is to mature Nov. 26, 2057. (Reporting by Marek Petrus; editing by Alan Crosby) ($1=18.06 Czech Crown)

Keywords: CZECH BOND/

[PRAGUE/Reuters/Finance.cz]

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