Bonds for People Are Not Selling as Quickly as Last Year
The sale of government bonds aimed at individuals is significantly slower this year compared to last year, with many still available after ten days of sales.
The Slovak state has sold government bonds for individuals worth 385 million euros in the first ten days of sales, but the interest is not as strong as last year. Last year, these bonds sold out in just three and a half days, while this time, they are still available even after ten days on the market. Currently, the government has targeted a half-billion euro sale but has only managed to sell 385 million euros so far, indicating a decline in demand compared to previous efforts.
The Finance Ministry highlighted that individuals expressed more interest in the two-year Investor II bonds, which offer a coupon yield of 2.7 percent. In contrast, the four-year Patriot II bonds, which yield three percent, received less investment. Both series of bonds will remain available for purchase until February 20, allowing time for potential investors to consider their options amid the varying market interest.
Initially, the launch of the second series of bonds suggested a possibility of replicating last year's rapid sell-out success. However, the slower pace of this year's sales could indicate changing investor sentiment, possible economic factors affecting personal finances, or a shift in interest towards different investment vehicles. The government is still actively promoting these bonds, indicating that there remains hope for a successful conclusion to the sales period.