Slovenia issues 1.1bn euros worth of bonds


Slovenia issued 850 million euros worth of three-year bonds and increased by 250 million the existing 10-year bond issue with a maturity date on 14 March 2029, the newspaper Finance reports, adding that the required yield on the three-year bond is 0.253% and 0.695% on the nine-year debt.

Finance cites the Wall Street Journal is reporting that the three-year bond attracted EUR 1.35 billion in excess demand and the nine-year borrowing was oversubscribed by EUR 350 million.

“Bond market pundits speaking on condition of anonymity described the interest rate for the three-year bond as high considering the recent yield trends in the market,” Finance reported.

Earlier today, the Finance Ministry said it had commissioned several major international banks to manage a new issue of a three-year euro-denominated bond and increase the issue of the bond due in 2029.

Barclays Bank PLC, BNP Paribas, Commerzbank, Crédit Agricole CIB, Goldman Sachs International Bank and HSBC were mandated to manage the new bond and the increase.

The treasury had borrowed EUR 1.5 billion in January in what was then expected to be the only major borrowing operation for the year.

Source: STA & Finance