Central securities depository confirms interest of issuers in bonds

In the course of the first half of the year 2019 Centrálny depozitár cenných papierov SR, a.s. (CDCP) registered 82 new issues of book-entry securities to issuer’s registry in the total nominal value of 5.5 billion EUR.

Out of that CDCP credited new securities in the value of 3.8 billion EUR to accounts of transferees. When we take a closer look on the type of newly issued securities, covered bonds are the most numerous type, of which 34 issues were registered in CDCP in the first half of 2019. As regards quantity, these were followed by 17 new issues of corporate bonds. The issuers showed a moderate demand for issuance of ordinary shares, of which 12 issues were registered, and investment certificates of which 10 issues were issued. On the other hand, with respect to value of issued securities, the primacy is held by the government bonds since in April 2019 the new 11- year-maturity issue of government bonds was issued out of which securities in the value of 1 billion EUR were credited to the accounts in the first six months of this year. „Covered bond has become a successful new type of security in the Slovak capital market while in the first half of the year 2019 banks issued covered bonds in the value of 1.5 billion EUR“ added Dagmar Kopuncová, PR Manager.

Covered bonds were followed by the new issues of secured bonds credited to accounts in the overall value of 408.2 million EUR which were followed by the issues of corporate bonds in the value of 176.9 million EUR. CDCP evidenced an increase in volume and value of new issues of secured bonds which in the first half of 2019 showed an increase of 70% in volume and 148% in value compared to the same period of the year 2018. „Continuous interest of issuers in financing by means of debt securities issuance is backed by the fact that debt securities create significant part of issues registered in CDCP during the first half of the year 2019, what means 99.47% of total value and 84.15% of total number of new issues,“ concluded Kopuncová.