BRUSSELS (MNI) – Slovakia is planning to issue two new bonds in
2011 as well as tapping existing issues, the Debt and Liquidity
Management Agency Ardal said on Tuesday.

The debt agency is planning to sell a new zero coupon 3-year bond
(SLOVGB217) for a planned eventual size of E1.5 billion next year. In
addition, it will also sell a fixed coupon bond on either a 7- or
10-year maturity (SLOVGB218) for a planned eventual size of E3.0
billion.

Tomas Kapusta, head of debt management at Ardal, previously told
Market News International that for each new line, “we will begin with a
syndicate and issue E1-2 billion and then complement this with following
auctions until we reach E3 billion,” he said. “But maybe not all in next
year.”

Kapusta also said that Slovakia is planning to issue E8 billion to
E8.5 billion of debt in 2011 compared to E6.0 billion to 8.0 billion
issuance programme this year.

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