Slovenská sporiteľňa sold collateralized bonds totaling €250m
The Slovenská sporiteľňa bank sold 7-year collateralized bonds totaling €250m at an average yield of 0.625% p.a. The issue was rated Aaa by Moody's, the first such top rating for any Slovak company. Both Slovak and foreign institutional investors bought the bonds. The bank is happy with the demand and price, and will return to the international bond market in the future.