PRAGUE -- The Czech Republic's bond market is set to take off, with a wave of at least six major domestic issues expected to be launched this summer. Analysts say the bond market is ripe for expansion as the country's economy steadily improves while its equities market continues a three-month long slide. "It's going to go from a market where there's a tight supply to one where supply and demand start matching each other," said John Vax, capital markets director at ING Bank. Currently, investors can choose from only seven listed bonds on the Prague stock exchange's secondary market, spread over two companies -- utility CEZ and Komercni Banka -- and the government. Issues slated to hit the market in the coming months include Chemapol, a holding company for one of the country's major oil refineries, telecommunications monopoly SPT Telecom, and financial services company CORFIN.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Not ready to support today?
Remind me later.
×
Remind me next month
Thank you! Your reminder is set.
We will send you one reminder email a month from now. For details on the personal data we collect and how it is used, please see our
Privacy Policy.
