Chicago, Sept. 20 – Slovenia priced €500 million of additional 2¼% notes due March 3, 2032, according to a market source regarding the add-on that was in the market on Tuesday.
The reopened notes priced at 93.228 to yield 3.087%, or at a spread to mid-swaps of 38 basis points.
The notes were guided into the 40 bps area over mid-swaps during pricing, after starting the day in the 45 bps area.
The final book size went over €1.9 billion, including €530 million of interest from the joint lead managers.
Barclays (billing and delivery), BNP Paribas, Erste Group and JPMorgan are the joint bookrunners for the Regulation S notes.
The notes will be listed on the Ljubljana Stock Exchange.
Tuesday morning, Slovenia said it was open to exploring potential taps, also, of its notes due February 2062 and/or the issuer’s notes due in March 2081.
| Issuer: | Slovenia
|
| Amount: | €500 million
|
| Issue: | Notes
|
| Maturity: | March 3, 2032
|
| Bookrunners: | Barclays (billing and delivery), BNP Paribas, Erste Group and JPMorgan
|
| Coupon: | 2¼%
|
| Price: | 93.228
|
| Yield: | 3.087%
|
| Spread: | Mid-swaps plus 38 bps, or Bunds plus 119 bps
|
| Trade date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 45 bps area, guided to mid-swaps plus 40 bps area
|
| ISIN: | SI0002103602
|
| Total outstanding: | €3.82 billion with tap
|
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