By Rebecca Melvin
New York, Jan. 5 – Slovenia priced a €2 billion dual-tranche offering of notes on Tuesday, including €1.75 billion of new 10-year notes and a €250 million tap of its 0.4875% notes due Oct. 20, 2050, according to a syndicate source.
The 0% notes due 2031 priced at 100.973 to yield minus 0.096%, or a yield spread of mid-swaps plus 17 basis points. The notes were talked at mid-swaps plus 20 bps area.
The €250 million tap of 2050 notes priced at 102.992 to yield 0.381%, or a yield spread of mid-swaps plus 40 bps. The deal was talked earlier to yield in the mid-swaps plus 45 bps area.
The order books for the two issues stood at €12.6 billion at the time of launch, with orders of €10.6 billion for the 2031 notes.
Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank, HSBC and Nova KBM are bookrunners for the Regulation S transactions.
| Issuer: | Slovenia
|
| Issue: | Notes
|
| Amount: | €2 billion
|
| Bookrunners: | Barclays, BNP Paribas, Credit Agricole CIB, Deutsche Bank, HSBC and Nova KBM
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 12
|
| Distribution: | Regulation S
|
|
|
| Notes due 2031
|
| Amount: | €1.75 billion
|
| Maturity: | Feb. 12, 2031
|
| Coupon: | 0%
|
| Price: | 100.973
|
| Yield: | Minus 0.096%
|
| Spread: | Mid-swaps plus 17 bps
|
| Talk: | Mid-swaps plus 20 bps area
|
|
|
| Tap of notes due 2050
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| Amount: | €250 million
|
| Maturity: | Oct. 20, 2050
|
| Coupon: | 0.4875%
|
| Price: | 102.992
|
| Yield: | 0.381%
|
| Spread: | Mid-swaps plus 40 bps
|
| Talk: | Mid-swaps plus 45 bps area
|
| Total size: | €2.25 billion
|
|
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