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Slovakia 2024 Funding Plan

EUROZONE ISSUANCE
  • ADRAL looks for gross issuance of E10.0bln in 2024 (down from 2023's initial target of E8.0bln and actual issuance of E10.4bln nominal / E10.0bln in cash terms).
  • It expects to launch 2-3 new issues via syndication (2023 it launched 3 but originally planned for 2):
    • A new 4-7-year bond with issue size of E3.0bln
    • A new 10-year bond with issue size of E3.0bln
    • A new bond reflecting market conditions.
  • It expects to raise E4.5-5.5bln through syndications "regardless of the number of transactions." (In 2023 there were three transactions totalling E5.5bln, more than the original E4.0bln target ).
  • Auctions are expected monthly, with reserve dates in July, August and December.
  • No bill issuance is expected in 2024.

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