Czechs set CZK 165 bln ceiling for '08 local bonds

03.12.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Republic will issue between 75.1 billion crowns ($4.21 billion) and 165 billion crowns ($9.26 billion) through medium-term and...

...long-dated local currency government bonds next year, the finance ministry said on Monday.

In a 2008 debt financing strategy released on Monday, the ministry reserved the room to raise anything between zero and 89.9 billion crowns through foreign debt issues.

It said the volume of domestic issuance would hit the ceiling only if it refrains from tapping international markets as it did in 2006 and 2007. A foreign issue would correspondingly lower its needs for domestic borrowing. (Reporting by Marek Petrus; editing by Alan Crosby) ($1=17.82 Czech Crown)

Keywords: CZECH BONDS/

[PRAGUE/Reuters/Finance.cz]

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