By Rebecca Melvin
Concord, N.H., Feb. 16 – Slovenia priced a €750 million dual-tranche offering of notes on Wednesday, including a tap of its 2¼% notes due March 3, 2032 and a tap if its 0.4875% notes due Oct. 20, 2050, according to a syndicate source.
The €350 million tap of 2¼% notes priced at 112.39 to yield 0.948%, or a spread of mid-swaps plus 13 basis points, after being talked at mid-swaps plus 15 bps area.
The €400 million tap of 0.4875% notes priced at 76.577 to yield 1.499%, or a spread of mid-swaps plus 68 bps, after being talked in the mid-swaps plus 70 bps area.
The order books for the notes stood in excess of €1.1 billion at the time of launch, with orders about evenly divided between the two tranches.
Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Erste Group and JPMorgan are bookrunners for the Regulation S transactions.
| Issuer: | Slovenia
|
| Amount: | €750 million
|
| Issue: | Add-ons to bonds
|
| Bookrunners: | Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Erste Group and JPMorgan
|
| Trade date: | Feb. 16
|
| Settlement date: | Feb. 23
|
| Distribution: | Regulation S
|
|
|
| 2032 bonds
|
| Amount: | €350 million
|
| Maturity: | March 3, 2032
|
| Coupon: | 2¼%
|
| Price: | 112.39
|
| Yield: | 0.948%
|
| Spread: | Mid-swaps plus 13 bps
|
| Price talk: | Mid-swaps plus 15 bps area
|
| Total deal size: | €2.7 billion
|
| ISIN: | SI0002103602
|
|
|
| 2050 bonds
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| Amount: | €400 million
|
| Maturity: | Oct. 20, 2050
|
| Coupon: | 0.4875%
|
| Price: | 76.577
|
| Yield: | 1.499%
|
| Spread: | Mid-swaps plus 68 bps
|
| Price talk: | Mid-swaps plus 70 bps area
|
| Total deal size: | €1.65 billion
|
| ISIN: | SI0002104048
|
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