Czechs May Sell Up to 2 Billion Euros of Bonds in May
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The Czech Republic may sell euro-denominated bonds as early as May as the government’s pledge to narrow the budget deficit keeps borrowing costs below those of euro members Italy and Slovenia.
The country plans to sell 1 billion euros ($1.33 billion) or 2 billion euros of the bonds this year, with timing depending on market conditions, Deputy Finance Minister Jan Gregor said in a Jan. 14 interview. The European Union member sold 2 billion euros of foreign-currency bonds in September, with investors seeking 5.3 billion euros of the securities.