E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/28/2018 in the Prospect News Emerging Markets Daily.

Slovenia launches tap of notes due 2028, 2035 and 2045; order books top €4 billion

By Rebecca Melvin

New York Feb. 28 – Slovenia launched a triple-tranche tap of its 1% euro notes due 2028, 1½% euro notes due 2035 and 3 1/8% euro notes due 2045 (Baa1/A+/A-) with order books in excess of €4 billion, according to a syndicate source on Wednesday.

The 1% notes due 2028, with a current deal size of €1.5 billion, were launched with a yield spread of mid-swaps plus 25 basis points.

The 1½% notes due 2035, with a current deal size of €2 billion, were launched at a yield spread of mid-swaps plus 45 bps.

And the 3 1/8% notes due 2045, with a current deal size of €1 billion, were launched with a spread of mid-swaps plus 55 bps.

Listing on the Ljubljana Stock Exchange is expected.

Barclays, Deutsche Bank, Goldman Sachs International Bank, HSBC and JPMorgan are leading the Regulation S transactions.

Abanka d.d. is co-lead manager for the taps.

Slovenia’s original €1.5 billion issue of 2028 notes priced on Jan. 11; a €1 billion tap of the 1½% notes due 2035 priced in in August 2016, with the original €1 billion of 2035 notes pricing in March 2015. While the original €1 billion issue of 3 1/8% notes due 2045 priced in January 2017.


© 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.