Minister Kamenicky: State Plans another Bond Issue for Public in March

Bratislava, 28 January (TASR) - Following last year's first bond issue for individuals, Slovakia plans to sell another issue between 2-20 March, Finance Minister Ladislav Kamenicky (Smer-SD) told a briefing on Wednesday, with director of the Debt and Liquidity Management Agency (ARDAL) Peter Soltys in attendance. Securities with maturities of two and four years, named Investor II and Patriot II, should again be available. Their nominal value is €1,000 and multiples thereof. Investor II has a volume of €200 million, a maturity of two years, and a yield of 2.7 percent p.a. Patriot II has a volume of €200 million, a maturity of four years, and a yield of 3 percent p.a. "There are five banks via which the bonds will be sold, namely Ceskoslovenska obchodna banka, Slovenska sporitelna, Tatra banka, UniCredit and Vseobecna uverova banka. These are the largest banks in Slovakia, covering most of the market," stated the finance minister. According to Kamenicky, bonds are advantageous because they are free of taxes and levies. "No administrative burden, that's a big difference between what neighbouring countries are selling. We've done it the same way as last year so that when people buy them, they won't have to deal with any tax returns," stressed Kamenicky. "Our target group, as it was in 2025, remains more conservative investors or first-time investors who haven't yet had experience investing in such products. It's a very easy product to purchase. The purchasing system has remained completely unchanged, the same as last year. Nor are we ruling out that it will be attractive to more experienced investors, who may consider it to be a suitable stabilising component of their investment portfolio," added the ARDAL director. In March 2025, the state also offered people two bonds - Investor, with a maturity of two years, and Patriot, with a maturity of four years. Due to the high level of interest, the total volume of bonds offered was increased from €400 million to €500 million, but they were still sold out within three days, noted the Finance Ministry. am/df