Czech Republic Expands Retail Bond Sale After 22.4 Billion Koruna in Orders

2 articles · Updated · Bloomberg · May 20

22.4 billion koruna ($1.1 billion) of state retail bond orders had been booked by Wednesday, prompting the Czech Republic to enlarge the offering beyond its initial planned volume.
Less than a week after the program launched, demand had already topped the equivalent of $1 billion, showing strong appetite from domestic investors for government debt.
The fixed five-year note drew the strongest interest, which Finance Minister Alena Schillerova said was particularly favorable for the state.
Orders will remain open until further notice, giving the government room to capture additional demand as the retail bond sale continues.

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