Published on 3/2/2017 in the Prospect News Emerging Markets Daily.
New Issue: Slovenia prints €1.3 billion in taps of 2027, 2040 notes
By Christine Van Dusen
Atlanta, March 2 – Slovenia priced €1.3 billion in taps of its notes due March 22, 2027 and Nov. 3, 2040, according to an announcement from the finance ministry.
The €800 million 1¼% notes due 2027 priced at 97.01 to yield Bunds plus 129 basis points. The original €1 billion 1¼% notes due 2027 priced at mid-swaps plus 63 bps, following talk in the 65 bps area, in January.
The €500 million 1¾% notes due 2040 priced at 86.901 to yield Bunds plus 158.2 bps. The original €1 billion issue of notes due in November 2040 priced at 97.829 to yield mid-swaps plus 90 bps in October.
Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs and Societe Generale CIB were the bookrunners.
| Issuer: | Slovenia
|
| Amount: | €1.3 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, Societe Generale CIB
|
| Trade date: | March 1
|
|
|
| 2027 tap
|
| Amount: | €800 million
|
| Maturity: | March 22, 2027
|
| Coupon: | 1¼%
|
| Price: | 97.01
|
| Spread: | Bunds plus 129 bps
|
| Current size: | €1.8 billion, including €1 billion priced at mid-swaps plus 63 bps in January
|
|
|
| 2040 tap
|
| Amount: | €500 million
|
| Maturity: | Nov. 3, 2040
|
| Coupon: | 1¾%
|
| Price: | 86.901
|
| Spread: | Bunds plus 158.2 bps
|
| Current size: | €1.5 billion, including €1 billion priced at mid-swaps plus 90 bps in October
|
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