Slovenia prices €1.25 billion tap; Paraguay eyes deal; investors rattled by tariff plan

By Rebecca Melvin

New York, March 1 – Slovenia priced €1.25 billion of additional notes to three existing issues including its most recently priced 10-year note that came in January.

Also in the primary market, Russia’s PJSC Gazprom priced CHF 750 million five-year loan participation notes at par to yield 1.45%.

In Asia, Agile Group Holdings Ltd. priced an upsized $400 million of guaranteed senior perpetual capital securities at par with an initial interest rate of 6 7/8%. The Regulation S deal was initially announced at $300 million in size and was increased later in the day by $100 million.

The forward calendar grew by two Middle East region issuers including the government of the Emirate of Sharjah, which is planning a dollar-denominated benchmark offering of senior unsecured single- or dual-tranche sukuk.

Also Oman’s BankMuscat announced plans to price a dollar-denominated benchmark note under its euro medium-term note program.

Both deals will begin to roadshow on March 4.

Across the pond, Paraguay announced a roadshow with a potential dollar-denominated benchmark transaction, according to a New York-based source.

Aside from this, the Latin America region primary dollar market has been quiet for the last two weeks.

But on Thursday afternoon, all eyes were on President Donald Trump’s controversial plan to impose steep global tariffs on aluminum and steel.

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