Slovenia gives tender results for notes due 2023, 2024

Chicago, Sept. 23 – The Republic of Slovenia announced the final acceptance amounts for its tender offers for two series of notes, according to an announcement.

Slovenia was conducting a tender offer for the €1,517,666,000 outstanding 0.2% notes due 2023 (ISIN: SI0002103974) and the €1,496,905,000 outstanding 4 5/8% notes due 2024 (ISIN: SI0002102984).

The republic is accepting for purchase €299,313,000 total nominal amount of the notes.

The purchase price for the 2023 notes was determined to be 100.142, using a purchase yield of negative 8 basis points. The issuer accepted all non-competitive tender instructions with no pro rata scaling. Tenders from competitive instructions were accepted if they were greater than the purchase yield notated above.

Slovenia is accepting €6,946,000 of the tenders for the 2024 notes, applying a clearing spread of negative 130 bps, for a purchase price of 102.267. The amount accepted represents the non-competitive tenders, with no proration. No tenders were accepted if they were tendered with competitive instructions.

Interest is also being paid to the settlement date.

The settlement date for the offers is Sept. 27. The offers started on Sept. 12.

The offers were subject to a financing condition.

Barclays (+44 20 3134 8515, eu.lm@barclays.com), BNP Paribas (+33 1 55 77 78 94, liability.management@bnpparibas.com), Erste Group (+43 5 0100 84054, FISyndicate0604@erstegroup.com), J.P. Morgan SE (+44 20 7134 2468, em_europe_lm@jpmorgan.com) and KDD (+386 1 307 35 61, korporacijske@kdd.si / poravnava@kdd.si) were the joint dealer managers.

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