Czech state resumes retail bond sales to households

The Czech government is once again offering retail bond sales to households, as it seeks to raise money for growing expenditures. The offer involves a minimum investment of CZK 1,000 and a maximum of CZK 3 million, the Ministry of Finance of the Czech Republic said.

The first subscription period will run from May 14 to June 28, while payment for the bonds must be completed by July 7. The issue will be launched on July 15, with the state offering three types of bonds.

The new bonds are intended to broaden the investor base and reduce the state’s dependence on banks.