By Rebecca Melvin
New York, April 7 – Slovenia priced €2.25 billion of notes on Tuesday, including €1 billion of new 10-year notes as well as a €1.15 billion tap of its 0.2% notes due March 31, 2023 and a €100 million tap of its 3 1/8% notes due Aug. 7, 2045, according to a syndicate source.
The new 7/8% long 10-year notes priced at 99.745 to yield 0.901%, or a yield spread of mid-swaps plus 85 basis points.
The €1.15 billion tap of 0.2% notes due 2023 priced at 99.853 to yield ¼%, or a yield spread of mid-swaps plus 50 bps.
The €1.15 billion tap of 3 1/8% notes due 2045 priced at 133.337 to yield1.527%, or a yield spread of mid-swaps plus 130 bps
Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank and JPMorgan were bookrunners for the Regulation S transactions.
Listing on the Ljubljana Stock Exchange is expected.
| Issuer: | Slovenia
|
| Issue: | New notes and tap of two existing issues
|
| Amount: | €2.25 billion
|
| Bookrunners: | Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank and JPMorgan
|
| Trade date: | April 7
|
| Settlement date: | April 15
|
| Distribution: | Regulation S
|
|
|
| Notes due 2030
|
| Amount: | €1 billion
|
| Maturity: | July 15, 2030
|
| Coupon: | 7/8%
|
| Price: | 99.745
|
| Yield: | 0.901%
|
| Spread: | Mid-swaps plus 85 bps
|
|
|
| Tap of notes due 2023
|
| Amount: | €1.15 billion
|
| Maturity: | March 31, 2023
|
| Coupon: | 0.2%
|
| Price: | 99.853
|
| Yield: | ¼%
|
| Spread: | Mid-swaps plus 50 bps
|
| Total size: | €2 billion
|
|
|
| Tap of notes due 2045
|
| Amount: | €100 million
|
| Maturity: | Aug. 7, 2045
|
| Coupon: | 3 1/8%
|
| Price: | 133.337
|
| Yield: | 1.527%
|
| Spread: | Mid-swaps plus 130 bps
|
| Total size: | €1.35 billion
|
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