Czechs show great interest in government bonds

Czechs have shown great interest in the pilot emissions of government bonds, designed for individual investors. Preliminary figures show that within the first two days the bonds went on sale, orders were placed for bonds worth of 8.8 billion crowns of the total volume of ten billion. Finance Minister Miroslav Kalousek said on Tuesday the interest exceeded his expectations and that he would up the volume of the bonds Czech and foreign citizens can place orders for the bonds with the ČSOB, Česká spořitelna and Komerční banka banks; the bonds are available in maturity of one and five years with yields of two and over three percent, respectively. The first figures show, however, that rather than households, the bonds sold well with investors and NGOs.

Author: Jan Richter