Debt Portfolio Management Quarterly Report - 1st Half of 2021

Department 20 – Management of National Debt and Financial Assets
Department 20 – Management of National Debt and Financial Assets

Published

  • State Debt
  • Debt Portfolio Management
  • Statistics

The Ministry of Finance presents, in accordance with the calendar of published information, the Debt Portfolio Management Quarterly Report, which contains, in particular, the evaluation of the announced strategic targets and limits, the operational fulfilment of the funding programme and issuance activity plans specified in The Czech Republic Funding and Debt Management Strategy for 2021 published on 23 December 2020 and its update published in the Debt Portfolio Management Quarterly Report - 1st Quarter published on 16 April 2021. It also includes regular quarterly evaluations of primary dealers for the period from the third quarter of 2020 to the second quarter of 2021, with Československá obchodní banka, a. s., PPF banka, a.s. and Česká spořitelna, a.s. being the best-rated primary dealers in overall evaluation for this period.

Already during the first quarter, the Ministry of Finance pre-financed to cover all this year’s redemptions of the state debt and continued to issue and sell government bonds for covering the budgeted state budget deficit. As of today, more than 60% of this year's maximum planned CZK-denominated financing needs has already been covered. The state debt at the end of the first half of the year amounted to CZK 2,416.3 billion, which represents a decrease by CZK 3.6 billion compared to the end of the first quarter.

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