The Slovak Republic hired HSBC Holdings Plc., Societe Generale SA, Tatra Banka AS and UniCredit SpA to manage a benchmark bond issue in euros, which will take place when market conditions allow, according to a banker involved in the transaction.
Italy and the Slovak Republic hold 2-0 leads after the opening day of the Fed Cup tennis semifinals.
Following is the text of the mission statement from the International Monetary Fund visit to Slovakia:
Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.
The Slovak Republic is selling 1 billion euros ($1.27 billion) of bonds, its first international offering of debt securities since April.
Verizon Communications Inc. rewarded investors with a profit of about $2.54 billion for agreeing to buy the record $49 billion of bonds it sold yesterday as the price of the securities surged.
Slovakia plans to sell new mobile phone frequencies this year, a process similar to one that triggered a price war and cut costs for mobile customers in the neighboring Czech Republic.
Slovak Prime Minister Robert Fico, an advocate of higher taxes for the rich who brought the former communist country into the euro region, said he will run for presidency next year.