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 until 2021 (record low 0,24% issuance in 2021)
Increase in yields since 2022 in line with overall development in euro area + relatively long dated issuance in
order to maintain risk parameters at exceptionally safe levels
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 2023
Avg. Maturity (years, Ihs)
Avg. YTM (new issuance, rhs)
キ
33
Source: ARDAL, data as of April 2023
*2023 is average for January - AprilView entire presentation