In 2015, the Debt and Liquidity Management Agency “ARDAL” plans for bond auctions once a month, usually on the third Monday of the month. The State Budget Act for 2015 approved the issues plan totalling a maximum amount of EUR 5.8 billion. The realised value will depend on the development of the budget deficit and the financial market situation.
Most of the issued tranches of government bonds will be sold through syndicates or auctions. In line with participants’ requirements there should be several different bond auctions done within one auction day. To achieve more flexibility, all auctions are referred to as "on the decision", where ARDAL will make decisions about the offered bonds on the basis of communication with primary dealers. The auction settlement will be in regime D + 2.
Contact:
Rastislav Rajninec
Relationship Manager, Global Securities Services Slovakia
Tel. +421 2 4950 2424
rastislav.rajninec@unicreditgroup.sk