Chicago, March 13 – The Republic of Slovenia (A3/AA-/A) priced a €500 million tap of its 3% bonds due March 10, 2034, according to a source.
The deal priced at 98.381 to yield 3.191%, or at 58 basis points over mid-swaps.
Books opened on guidance in the mid-swaps plus 65 bps area.
BNP Paribas (billing and delivery), Deutsche Bank and JPMorgan are the joint bookrunners.
The order book was over €3.1 billion.
Proceeds will be used for general funding purposes.
The Regulation S issue will be listed on the Ljubljana Stock Exchange.
| Issuer: | Slovenia
|
| Amount: | €500 million
|
| Issue: | Notes
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| Maturity: | March 10, 2034
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| Bookrunners: | BNP Paribas (billing and delivery), Deutsche Bank and JPMorgan
|
| Coupon: | 3%
|
| Price: | 98.381
|
| Yield: | 3.191%
|
| Spread: | Mid-swaps plus 58 bps, or Bunds plus 84.5 bps
|
| Trade date: | March 13
|
| Settlement date: | March 20
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 65 bps area
|
| ISIN: | SI0002104576
|
| Total issue size: | €2 billion with €1.5 billion issued previously
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