Government savings bonds worth 15.3 billion sold in spring issue

Czechs ordered and paid for government savings bonds worth 15.3 billion in the spring bond issue, the Finance Ministry told the Czech Press Agency on Monday. The total volume of orders reached 15.9 billion at the end of May. The ministry says it considers the issue a success, adding that it plans another one in autumn. The Finance Ministry plans to borrow over 243 billion this year, in line with the state debt financing and management strategy for 2012. The sum includes the spring and autumn issues of saving bonds. According to preliminary data, investors showed the greatest interest in the 1.5-year discount bond. In autumn of last year, investors ordered saving bonds worth more than Kc20bn.