Slovenia Issues EUR1.5 Billion in Dual-Tranche Bond Transaction -- Update

By Emese Bartha

Slovenia issued 1.5 billion euros ($1.58 billion) in a dual-tranche bond transaction, comprising of a EUR1.25 billion sale in new March 2033-dated sustainability bonds and of a EUR250 million tap of the 3.125% August 2045 bond via a bank syndicate on Wednesday, one of the lead manager banks said.

Order books for the new 10-year bond exceeded EUR7.8 billion, including EUR470 million joint lead manager demand, while books for the 2045-dated bond tap closed above EUR2.9 billion, including EUR45 million demand from the bookrunners, the same bank said.

The spread was set 77 basis points above midswap for the 2033-dated bond and 137bps above midswaps for the 2045-dated bond, the same bank said. The 2033-dated bond, which has a 3.625% coupon, was priced at 99.746 at yield of 3.654%, while the 2045-dated bond was priced at 88.192 at a yield of 3.922%, the same bank said.

Joint bookrunners of the transaction were BNP Paribas, Citi, Deutsche Bank, Erste Group, Nova KBM and UniCredit.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

01-04-23 1152ET