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Slovakia 'has covered debt for 2009'
A foreign bond issue worth €2 billion (£1.75 billion) will cover Slovakia''s debt for 2009, according to the Debt and Liquidity Agency.
The organisation''s head Daniel Bytcanek told a press conference that it is reluctant to cancel domestic bond auctions for the year and still plans to sell around €1 billion of bonds in local markets by the end of 2009.
However, the agency will not make any more international issues this year because the €2 billion should be sufficient to settle all state debts.
"Concerning the debt maturing this year, we have now covered all refinancing needs," Mr Bytcanek told Reuters.
Slovakia''s issue of Eurobonds was the country''s first since it joined the eurozone at the beginning of the year.
The country has not had to rely on large banking bailouts or stimulus packages since the onset of the credit crunch, unlike many other countries in the EU.
Commentators also believe that Slovakia''s adoption of the euro means it is better placed than other countries in the eastern European region to deal with the downturn.
