Finance Ministry launches spring issue of government bonds
The Czech Finance Ministry on Monday launched its spring issue of government bonds worth about 5 billion Czech crowns. It is offering investors three different maturities. Interest in the bonds is said to be considerable. The ministry, which has spring and autumn bond sales, plans to issue 20 to 50 billion crowns worth of retail bonds in 2014. The gross borrowing need for this year is expected to be 400 billion crowns. To date, the state has issued retail bonds worth 87.6 billion crowns or 5 percent of the overall state debt.