Chicago, Jan. 6 Slovenia priced a 1.25 billion four-year bond offering and a 500 million 1 1/8% 40-year bond on Wednesday, according to multiple notices.
The 1.25 billion four-year bonds have a 0% coupon and priced at 100.991. The spread was 21 basis points under mid-swaps for a negative 0.241% yield. Alternatively, the spread was 24.3 bps over Bunds.
The 2026 maturity date was consciously chosen to fit into Slovenias redemption profile.
The 500 million 1.175% 40-year benchmark priced at 99.745 with a mid-swaps plus 75 bps spread for a yield of 1.183%. The equivalent spread is Bunds plus 92.8 bps.
Initial guidance was for the notes due Feb. 13, 2026 being talked in the mid-swaps minus 15 bps area yield, and the notes due Feb. 13, 2062 talked in the mid-swaps plus 80 bps area.
Order books were in excess of 5 billion for the four-year bond and 1.6 billion for the 40-year tranche.
Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs Bank Europe SE and JPMorgan are bookrunners for the Regulation S deal.
The notes will be listed on the Ljubljana Stock Exchange.
| Issuer: | Slovenia
|
| Amount: | 1.75 billion
|
| Issue: | Bonds
|
| Bookrunners: | Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs Bank Europe SE and JPMorgan
|
| Trade date: | Jan. 5
|
| Distribution: | Regulation S
|
|
|
| Four-year bonds
|
| Amount: | 1.25 billion
|
| Issue: | Bonds
|
| Maturity: | Feb. 13, 2026
|
| Coupon: | 0%
|
| Price: | 100.991
|
| Yield: | Negative 0.241%
|
| Spread: | Mid-swaps minus 21 bps, or Bunds plus 24.3 bps
|
| Price talk: | Mid-swaps minus 15 bps
|
|
|
| 40-year bonds
|
| Amount: | 500 million
|
| Issue: | Bonds
|
| Maturity: | Feb. 13, 2062
|
| Coupon: | 1 1/8%
|
| Price: | 99.745
|
| Yield: | 1.183%
|
| Spread: | Mid-swaps plus 75 bps, or Bunds plus 92.8 bps
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
