The Czech Republic Funding and Debt Management Strategy for 2021 - Second Half Update
The Ministry of Finance presents to the public The Czech Republic Funding and Debt Management Strategy for 2021 – Second Half Update in accordance with the calendar of published information.
During the first half of the year, more than 60% of the total planned financing needs were successfully covered in 2021. With regard to the active realization of exchange operations, in which the Ministry of Finance bought back medium-term and long-term government bonds maturing in 2022, financing needs in 2022 decreased by CZK 15.0 billion.
The total minimum amount of gross issue of CZK-denominated medium-term and long-term government bonds on the domestic market in 2021 has been reduced by CZK 80 billion to CZK 500 billion compared to the last update due to the positive acceptance of including money market instruments into covering this year's financing needs by primary dealers.
The updated strategy includes the updated funding programme of the Czech Republic in 2021 and the plan for its implementation in the second half of the year. The limits and targets for each monitored risk indicator of the state debt portfolio defined in The Czech Republic Funding and Debt Management Strategy for 2021 remain valid till the end of 2021. Updated strategy was presented to the representatives of primary dealers in Czech Republic government securities and the Czech National Bank at the 24th Primary Dealer Committee meeting held on 28 June 2021.
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