By Rebecca Melvin
New York, March 1 Slovenia priced a 1.25 three-tranche tap of its 1% notes due 2028, 1½% notes due 2035 and 3 1/8% notes due 2045 (Baa1/A+/A-), according to a syndicate source on Thursday.
The 850 million of 2028 notes priced at 96.861 to yield mid-swaps plus 25 basis points. Total deal size is now 2.25 billion.
The 250 million of 2035 notes priced at 93.553 for a yield of mid-swaps plus 45 bps, and a total deal size now is 2.25 billion.
And the 150 million of 2045 notes priced at 119.894 for a yield of mid-swaps plus 55 bps. The total deal size is now 1.15 billion.
Barclays, Deutsche Bank, Goldman Sachs International Bank, HSBC and JPMorgan were leading the Regulation S transactions, which had order books in excess of 4 billion.
Abanka d.d. is co-lead manager for the taps.
Slovenias original 1.5 billion issue of 2028 notes priced on Jan. 11; a 1 billion tap of the 1½% notes due 2035 priced 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.
| Issuer: | Slovenia
|
| Issue: | Notes
|
| Amount: | 1.25 billion
|
| Bookrunners: | Barclays, Deutsche Bank, Goldman Sachs International Bank, HSBC and JPMorgan
|
| Co-lead manager: | Abanka d.d.
|
| Trade date: | Feb. 28
|
| Settlement date: | March 7
|
| Distribution: | Regulation S
|
|
|
| 2028 tranche
|
| Amount: | 850 million
|
| Maturity: | 2028
|
| Coupon: | 1%
|
| Price: | 96.861
|
| Yield: | Mid-swaps plus 25 bps
|
| Total size: | 2.25 billion
|
|
|
| 2035 tranche
|
| Amount: | 250 million
|
| Maturity: | 2035
|
| Coupon: | 1½%
|
| Price: | 93.553
|
| Yield: | Mid-swaps plus 45 bps
|
| Total size: | 2.25 billion
|
|
|
| 2045 tranche
|
| Amount: | 150 million
|
| Maturity: | 2045
|
| Coupon: | 3 1/8%
|
| Price: | 119.894
|
| Yield: | Mid-swaps plus 55 bps
|
| Total size: | 1.15 billion
|
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