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(From Czech News Agency)
PRAGUE, June 1 (CTK) - The Czech government will issue bonds worth Kc33 billion in the third quarter of this year, the Finance Ministry said today.
The state will also issue short-term treasury bills worth Kc75 billion, of which Kc45 billion will be put on the block.
The crown bonds, issued to finance the state budget deficit, mature in three to fifteen years. One bond worth Kc7 billion will be issued within a reopening.
The state budget gap is projected at Kc83.6 billion for this year.
The total volume of bonds issued this year should amount to Kc110 billion, with the ceiling set at Kc120 billion.
Besides, the Finance Ministry issued 15-year eurobonds worth EUR1 billion in March, which brings the total sum to about Kc150 billion.