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Published on 10/13/2020 in the Prospect News Emerging Markets Daily.

New Issue: Slovenia prices €1 billion 0.4875% 30-year notes to yield mid-swaps plus 50 bps

By Rebecca Melvin

New York, Oct. 13 – Republic of Slovenia priced €1 billion of 0.4875% 30-year notes at 99.847 to yield 0.493%, or a spread of 50 basis points over mid-swaps, according to a market source on Tuesday.

Pricing came at the wide end of mid-swaps plus 45 bps to 50 bps guidance, following earlier guidance in the mid-swaps plus 55 bps area and mid-swaps plus 65 bps area.

The order book was in excess of €5.75 billion at the time launch information was released.

Barclays, Commerzbank, Goldman Sachs International Bank, JP Morgan and UniCredit are bookrunners of the Regulation S transaction.

Issuer:Republic of Slovenia
Amount:€1 billion
Maturity:Oct. 20, 2030
Securities:Notes
Bookrunners:Barclays, Commerzbank, Goldman Sachs International Bank, JP Morgan and UniCredit
Coupon:0.4875%
Price:99.847
Yield:0.493%
Spread:Mid-swaps plus 50 bps
Trade date:Oct. 13
Settlement date:Oct. 20
Distribution:Regulation S
Price talk:Mid-swaps plus 45-50 bps from earlier guidance of mid-swaps plus 55 bps area and mid-swaps plus 65 bps area

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