Today, the Ministry of Finance sold government bonds worth 13.6 billion crowns in three auctions. This follows from data on the website of the Czech National Bank. The plans of the Ministry of Finance envisaged a maximum of 13 billion crowns. At the same time, investors showed significantly more interest, as in previous auctions, and in total wanted to buy bonds for about 38.3 billion crowns.
–
The three-year bond with the Ministry of Finance sold for less than CZK 3.8 billion with an average yield of less than one percent. Investors wanted to buy this bond for about 12.2 billion crowns, the Ministry of Finance’s plan was a maximum of six billion crowns. For the nine-year bond, investors wanted to buy securities worth 22.9 billion, the Ministry of Finance’s plan was a maximum of five billion crowns.
–
The Office eventually sold it for approximately CZK 8.5 billion with an average yield of 1.57 percent. The MF sold the bond with a 19-year maturity for 1.3 billion crowns with an average yield of 1.96 percent, while the plan was two billion. Investors demanded 3.2 billion crowns.
–
In December, the Ministry stated in the Strategy for Financing and Managing the State Debt for 2021 that it will need 546.3 billion crowns to finance the state debt this year.
–
Last year, due to the effects of the pandemic, the Office increased the budget deficit from 40 to 500 billion crowns. Finally, the state’s economy last year ended in a deficit of 367.4 billion crowns. For this year, the Chamber of Deputies also approved an increase in the deficit to 500 billion crowns from the originally approved 320 billion crowns.
—
