By Laura Contemori – ROME (Econostream) – Slovakia’s Ministry of Finance accepted €569 million of bids across four government bond lines in the competitive part of an auction on Monday, with total demand reaching €1.121 billion, according to results published by ARDAL.

The strongest demand was recorded for the November 2037 bond, which attracted €379 million in bids. ARDAL accepted €225 million at an average yield of 3.9531% and an average price of 97.0048%. Up to a further €45 million will be available in the non-competitive part of the auction on May 19.

In the June 2033 bond, bids totaled €273 million and accepted bids amounted to €131 million. The average accepted yield stood at 3.4351%, with an average accepted price of 101.1684%. The non-competitive tranche was set at €26.2 million.

The October 2047 bond received €256 million in bids, of which €95 million was accepted. The average accepted yield came to 4.4504% and the average accepted price to 66.6041%. ARDAL also offered a €19 million non-competitive tranche.

Finally, the November 2031 bond drew €213 million in bids, with €118 million accepted at an average yield of 3.2634% and an average price of 98.6885%. The cut-off allotment ratio was 60%.