Investor Presentaiton
Government Bond Portfolio Metrics
2ARDAL
2003 Agentúra pre riadenie dlhu a likvidity
2023 Debt and Liquidity Management Agency
✓ Average maturity increased steadily since 2012 - maintained above 8 years since 2018
At the same time average YTM was reduced significantly
Increase in yields in 2022 in line with overall development in euro area + relatively long dated issuance in
2022 (average time to maturity higher than 12 years for issuance in 2022)
Average Maturity and Yield Metrics for Slovakia
9,0
4,0%
8,5
3,5%
8,0
3,0%
7,5
2,5%
7,0
2,0%
6,5
1,5%
6,0
1,0%
5,5
0,5%
5,0
0,0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
-Avg. Maturity (years, Ihs)
Avg. YTM (new issuance, rhs)
+
32
Source: ARDAL, data as of December 2022View entire presentation