{"id":11839,"date":"2026-03-06T14:34:18","date_gmt":"2026-03-06T14:34:18","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/11839\/"},"modified":"2026-03-06T14:34:18","modified_gmt":"2026-03-06T14:34:18","slug":"osial-z-vlanajska-sa-nezopakoval","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/11839\/","title":{"rendered":"O\u0161ia\u013e z vla\u0148aj\u0161ka sa nezopakoval"},"content":{"rendered":"

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\tMinister financi\u00ed SR Ladislav Kamenick\u00fd (Smer-SD) a riadite\u013e ARDAL Peter \u0160oltys po\u010das tla\u010dovej konferencie Ministerstva financi\u00ed SR a Agent\u00fary pre riadenie dlhu a likvidity k predaju dlhopisov pre \u013eud\u00ed. Foto: TASR<\/p>\n

\t\t\t\"autor<\/p>\n

Investori do nov\u00fdch \u0161t\u00e1tnych dlhopisov pre \u013eud\u00ed vyk\u00fapili viac ako dve tretiny pon\u00fakan\u00e9ho objemu. \u0160t\u00e1t nav\u00fd\u0161il celkov\u00fa emisiu na 500 mili\u00f3nov eur a za \u0161tyri dni z tejto sumy bolo predan\u00fdch 353 mili\u00f3nov eur. Hoci to vyzer\u00e1 ako slu\u0161n\u00e9 \u010d\u00edslo, dopyt po dlhopisoch postupne v\u00fdrazne upad\u00e1. Minuloro\u010dn\u00fd o\u0161ia\u013e, ke\u010f sa dlhopisy za pol miliardy vypredali za tri dni, sa tak nezopakoval.<\/p>\n

Nov\u00e9\u00a0dlhopisy pre \u013eud\u00ed<\/a>\u00a0sa za\u010dali pred\u00e1va\u0165 v pondelok 2. marca a predaj je napl\u00e1novan\u00fd do 20. marca, av\u0161ak len v pr\u00edpade, \u017ee sa nevypredaj\u00fa sk\u00f4r. Nomin\u00e1lna hodnota nov\u00fdch dlhopisov je stanoven\u00e1 na 1000 eur. Z\u00e1ujemcovia si ich bud\u00fa m\u00f4c\u0165 k\u00fapi\u0165 v n\u00e1sobkoch tejto sumy.<\/p>\n

Minister financi\u00ed Ladislav Kamenick\u00fd<\/a> u\u017e po prvom dni vyhl\u00e1sil, \u017ee predaj \u0161t\u00e1tnych dlhopisov pre \u013eud\u00ed je mimoriadne \u00faspe\u0161n\u00fd<\/a> a za prv\u00fdch 24 hod\u00edn sa vypredala viac ako polovica pl\u00e1novan\u00e9ho objemu. Konkr\u00e9tne sa predali dlhopisy za 245 mili\u00f3nov z p\u00f4vodnej sumy emisie stanovenej na 400 mili\u00f3nov eur. T\u00e1 sa n\u00e1sledne zv\u00fd\u0161ila na 500 mili\u00f3nov eur.<\/p>\n

Len\u017ee prvotn\u00e9 nad\u0161enie pomerne r\u00fdchlo vyprch\u00e1va a dopyt po dlhopisoch postupne kles\u00e1. Druh\u00fd de\u0148 sa predali dlhopisy za 68 mili\u00f3nov eur, tret\u00ed de\u0148 za 24 mili\u00f3nov eur a vo \u0161tvrtok u\u017e len za 16 mili\u00f3nov eur. V piatok r\u00e1no tak Agent\u00fara pre riadenie dlhu a likvidity<\/a> (ARDAL) informovala, \u017ee predan\u00fd objem za \u0161tyri dni st\u00fapol na 353 mili\u00f3nov eur.<\/p>\n

\u201ePo\u010das prv\u00fdch \u0161tyroch dn\u00ed predaja dosiahol celkov\u00fd objem predan\u00fdch dlhopisov 353 mili\u00f3nov eur. Dlhopis Investor II zaznamenal predaj v hodnote 211 mili\u00f3nov eur a dlhopis Patriot II v hodnote 142 mili\u00f3nov eur,\u201c dod\u00e1va ARDAL<\/a>. <\/p>\n

Pripom\u00edname, \u017ee vlani sa cel\u00e1 emisia v rovnakej hodnote 500 mili\u00f3nov eur vypredala u\u017e po troch d\u0148och. Predaj dlhopisov sa za\u010dal v pondelok 3. marca 2025 r\u00e1no a vo \u0161tvrtok 6. marca o 11:00 u\u017e boli definit\u00edvne vypredan\u00e9.<\/p>\n

Vyzer\u00e1 to pritom tak, \u017ee \u013eu\u010fom sa tentokr\u00e1t ove\u013ea menej pozd\u00e1vaj\u00fa najm\u00e4 dlhopisy s dlh\u0161ou splatnos\u0165ou Patriot II. Hoci z\u00e1ujem kles\u00e1 pri oboch, z dlhopisu Investor II zost\u00e1va e\u0161te dopreda\u0165 39 mili\u00f3nov eur, k\u00fdm pri Patriotovi II je to a\u017e 108 mili\u00f3nov eur (vo \u0161tvrtok sa predal za 7 mili\u00f3nov eur). Ak by z\u00e1ujem o tento dlhopis na\u010falej upadal, \u0161t\u00e1t by mohol ma\u0165 re\u00e1lny probl\u00e9m cel\u00fa emisiu do 20. marca vypreda\u0165.<\/p>\n

\tK\u00fapili ste si nov\u00e9 \u0161t\u00e1tne dlhopisy pre \u013eud\u00ed?<\/p>\n

Nov\u00e9\u00a0dlhopisy pre be\u017en\u00fdch\u00a0\u013eud\u00ed maj\u00fa ozna\u010denie Investor II a Patriot II a ich splatnos\u0165 je 2 a 4 roky.\u00a0Investori<\/a>\u00a0pritom m\u00f4\u017eu o\u010dak\u00e1va\u0165 fixn\u00fd v\u00fdnos v prvom pr\u00edpade 2,7 % p. a. a v druhom pr\u00edpade 3,0 % p. a. Oproti emisii z vla\u0148aj\u0161ka sa tak v\u00fdnosy zn\u00ed\u017eili, ke\u010f\u017ee v marci 2025 \u0161t\u00e1t pon\u00fakal dlhopisy s rovnak\u00fdmi splatnos\u0165ami s v\u00fdnosom 3,0 a 3,3 % p. a. Aj to m\u00f4\u017ee by\u0165 jedn\u00fdm z faktorov ni\u017e\u0161ieho z\u00e1ujmu.<\/p>\n

Do predaja dlhopisov s\u00fa zapojen\u00e9\u00a0banky. Konkr\u00e9tne ide o p\u00e4ticu b\u00e1nk, ktor\u00e9 dlhopisy pon\u00fakali aj v minulom roku. Z\u00e1ujemcovia si ich m\u00f4\u017eu k\u00fapi\u0165 prostredn\u00edctvom\u00a0V\u00daB,\u00a0UniCredit Bank,\u00a0\u010cSOB,\u00a0Slovenskej sporite\u013ene\u00a0a\u00a0Tatra banky.<\/p>\n

V marci minul\u00e9ho roka \u0161t\u00e1t pon\u00fakol ob\u010danom dva dlhopisy \u2013 Investor so splatnos\u0165ou 2 roky a Patriot so splatnos\u0165ou 4 roky. Prv\u00fd z t\u00fdchto dlhopisov pon\u00fakal pevn\u00fd v\u00fdnos 3,0 % p. a. a druh\u00fd 3,3 % p. a. Len tri dni pritom sta\u010dili\u00a0na vypredanie v\u0161etk\u00fdch dlhopisov<\/a>\u00a0ur\u010den\u00fdch pre obyvate\u013estvo. Najprv sa po pondelkovom \u0161tarte predaja u\u017e v\u00a0stredu vypredali tie s\u00a0dvojro\u010dnou splatnos\u0165ou, vo \u0161tvrtok r\u00e1no aj tie so \u0161tvorro\u010dnou splatnos\u0165ou. Celkovo sa do predaja zapojilo 21-tis\u00edc investorov.<\/p>\n

Viac o t\u00e9me:
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tARDAL\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tbanky\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tdlhopisy pre obyvate\u013eov\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tinvestovanie\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tSlovensk\u00e1 sporite\u013e\u0148a\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\u0161t\u00e1tne dlhopisy\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tTatra banka\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\u00farokov\u00e9 sadzby\t\t\t\t\t\t\t\t\t\t<\/a>
\n\t\t\t\t\t\t\t\t\t\t, \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\tV\u00daB\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Minister financi\u00ed SR Ladislav Kamenick\u00fd (Smer-SD) a riadite\u013e ARDAL Peter \u0160oltys po\u010das tla\u010dovej konferencie Ministerstva financi\u00ed SR a…\n","protected":false},"author":2,"featured_media":11840,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[6150,327,6151,34,37,2618,33,43,40,39,42,2168,41,36,3747,3748,38,35,6152,3750],"class_list":{"0":"post-11839","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-spravy","8":"tag-ardal","9":"tag-banky","10":"tag-dlhopisy-pre-obyvatelov","11":"tag-headlines","12":"tag-hlavne-spravy","13":"tag-investovanie","14":"tag-news","15":"tag-sk","16":"tag-slovak","17":"tag-slovakia","18":"tag-slovencina","19":"tag-slovenska-sporitelna","20":"tag-slovensko","21":"tag-spravy","22":"tag-statne-dlhopisy","23":"tag-tatra-banka","24":"tag-titulky","25":"tag-top-stories","26":"tag-urokove-sadzby","27":"tag-vub"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116182729790011034","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/11839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=11839"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/11839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/11840"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=11839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=11839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=11839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}