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Estonia's new government bonds oversubscribed four times (viabaltica.fi)

submitted 2 months ago by 0x815@feddit.org to c/finance

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cross-posted from: https://feddit.org/post/2778752

Demand for new Estonian government bonds totalled EUR 821mn, which was four times more than the EUR 200mn offered, the Ministry of Finance announced, ERR reports.

Altogether 28 professional investors and 7,304 retail investors participated in the public bond offering. Retail investors subscribed to bonds worth EUR 29mn and will receive 100% of the amount subscribed to. Estonian professional investors will receive 26% and international investors 13% on average.

Trading in Estonian bonds will begin on the Nasdaq Tallinn stock exchange on 17 September 2024. The bonds will mature on 16 September 2026, yielding a fixed annual interest rate of 3.3%.

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