Slovenia postpones two-tranche dollar notes due in 2018, 2023 amid ratings downgrade

By Christine Van Dusen

Atlanta, April 30 - Slovenia has postponed its planned offering of dollar-denominated notes due in 2018 and 2023 as Moody's Investors Service downgraded the sovereign's credit rating to junk, a market source said.

BNP Paribas, Deutsche Bank and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.

The deal included dollar notes due in 2018 that were talked at a yield in the 5% area and dollar notes due 2023 that were talked in the 6 1/8% area.

The proceeds from the deal were to be used to repay maturing debt, for budget financing and for the recapitalization of the country's banking sector.

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