Wednesday's auction produced an average yield of 1.890 basis points below the 6-month Prague interbank offered rate (PRIBOR) of 0.43%. The bond has a 0.27% coupon.
The ministry has set the annual coupon as an average reference interest rate minus 10 basis points, and will reset it again in May 2021.
PRAGUE: The Czech Finance Ministry 6.0 billion crowns ($270.49 million) worth of variable-rate government bonds due 2027 in the first, competitive round of bidding on Wednesday, meeting its planned offer.
Wednesday's auction produced an average yield of 1.890 basis points below the 6-month Prague interbank offered rate (PRIBOR) of 0.43%. The bond has a 0.27% coupon.
The ministry has set the annual coupon as an average reference interest rate minus 10 basis points, and will reset it again in May 2021.
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