Markets

Czechs to issue bonds worth CZK 170bn in 2012

Published November 16, 2011 Updated November 16, 2011 11:35am

Speaking to a parliamentary committee, Gregor said net issuance of treasury bills is planned at 50 billion crowns.

The Czechs plan a gross borrowing need of 226 billion crowns in 2012, including 6 billion in loans from the European Investment Bank.

The Finance Ministry is expected to issue its debt strategy in December. It usually leaves substantial leeway in the overall numbers to maintain flexibility to adapt to market conditions.

Copyright Reuters, 2011