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Slovakia's Gross Funding Needs to Amount to EUR6 Billion in 2022; 1-2 New Government Bonds Expected

12/08/2021 | 10:35am EST

By Emese Bartha

Slovakia's gross funding needs should reach 6.0 billion euros ($6.76 billion) in 2022, the Slovak debt and liquidity management agency Ardal said Wednesday.

Ardal plans to open one or two new government bond lines next year, via syndication and/or auction, it said.

The new bonds Ardal envisages for next year are a bond line with an issue size of EUR3 billion or EUR5 billion and with medium-term maturity, and a bond with issue size of EUR5 billion and with long-term maturity, it said.

The total expected amount to be sold via syndicated sales is EUR2 billion to EUR3 billion, regardless of the number of transactions, it said.

Similarly to its historical pattern, Ardal plans to conduct bond auctions once per month, with two to four bonds to be sold simultaneously, it said. The debt agency plans to conduct auctions in January to June, and in September to November, with no auctions envisaged in July, August and December.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

12-08-21 1035ET

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