By Rebecca Melvin
New York, Jan. 8 – Republic of Slovenia priced €1.5 billion of 0.275% 10-year fixed-rate notes at a 19 basis points spread to mid-swaps on Tuesday, according to market sources.
Pricing was tightened from initial price talk in the mid-swaps plus 30 bps area.
Orders for the Regulation S deal exceeded €11.75 billion.
Bookrunners are Barclays, BNP Paribas (billing and delivery), Goldman Sachs, HSBC, JPMorgan and Unicredit.
The deal is expected to settle on Jan. 14, with listing on the Ljubljana Stock Exchange. The sovereign’s interest rate on 10-year notes priced last year at this time was higher at 1.1875% and a spread over mid-swaps of 40 bps.
| Issuer: | Republic of Slovenia
|
| Amount: | €1.5 billion
|
| Maturity: | Jan. 14, 2030
|
| Securities: | Fixed-rate notes
|
| Bookrunners: | Barclays, BNP Paribas (billing and delivery), Goldman Sachs, HSBC, JPMorgan and Unicredit
|
| Coupon: | 0.275%
|
| Spread: | Mid-swaps plus 19 bps
|
| Trade date: | Jan. 7
|
| Settlement date: | Jan. 14
|
| Issuer ratings: | Moody's: Baa1
|
| S&P: AA-
|
| Fitch: A
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 30 bps area
|
| Listing: | Ljubljana Stock Exchange
|
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