New Issue: Slovenia prices €1.5 billion 1.1875% 10-year notes to yield mid-swaps plus 40 bps

By Paul A. Harris

Portland, Ore., Jan. 7 – Republic of Slovenia (Baa1/A+/A-) priced €1.5 billion of 1.1875% 10-year fixed-rate notes at a 40 basis points spread to mid-swaps on Monday, according to a market source.

The deal played to €3 billion of orders and priced at the tight end of the mid-swaps plus 40 bps to 42 bps spread talk.

Joint bookrunner HSBC will bill and deliver. Abanka, Barclays, BNP Paribas, Credit Agricole CIB and Commerzbank were also joint bookrunners.

Issuer:	Republic of Slovenia
Amount:	€1.5 billion
Maturity:	March 14, 2029
Securities:	Fixed-rate notes
Bookrunners:	HSBC (bill and deliver), Abanka, Barclays, BNP Paribas, Credit Agricole CIB, Commerzbank
Coupon:	1.1875%
Price:	99.785
Yield:	1.21%
Spread:	Mid-swaps plus 40 bps
Trade date:	Jan. 7
Settlement date:	Jan. 14
Issuer ratings:	Moody's: Baa1
	S&P: A+
	Fitch: A-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 40 bps to 42 bps
Listing:	Ljubljana Stock Exchange

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