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. Last Updated: 07/27/2016

New Bond Issues Signal Upturn for Czech Investment

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.