Monday, 07 January 2013 19:11
PRAGUE: Czech Republic is exploring the possibility of issuing a yen-denominated bond as part of diversifying its financing, a deputy minister said on Monday.
Thomson Reuters news and market analysis service IFR earlier reported that the country has sent banks a request for proposals (RFP) for a new bond.
"We continue to monitor closely financial markets in other currencies, not just CZK and EUR," Deputy Finance Minister Jan Gregor said in an emailed response to questions from Reuters.
"In this context we are trying to formalise the procedure of requesting advice from our partners who know the JPY market.
We have not decided yet and all parameters will depend on (the response)."
The Czech Republic last went to international markets with a 750 million euro ($978.37 million) reopening of a 10-year Eurobond in October 2012.
Center>Copyright Reuters, 2013