PRAGUE: The Czech Finance Ministry set the maximum indicative amount for third-quarter bond auctions at 50 billion crowns ($2.20 billion) on Monday and said it would publish its July issuance plan next week along with an updated financing strategy.
The ministry will release its second-half update of its Funding and Debt Management Strategy report for 2019, on June 28. The ministry regularly updates its strategy.
The ministry added it did not plan any auctions of short-term Treasury bills in July while it expected the nominal value of T-bills sold in the third quarter would be at 10 billion crowns excluding roll-over.
The Czechs have issued 115.3 billion crowns worth of government bonds, not including sales into or from its own portfolio, along with 200 million euros worth of euro-denominated domestic bonds so far in 2019.
Its 2019 strategy, released last December, saw a gross financing need of 331 billion crowns this year, with issuance of at least 150 billion crowns in domestic bonds.
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