By Colin Hanner
Chicago, May 17 – The Republic of Slovenia priced €2 billion in taps of its notes due March 22, 2027 and Nov. 3, 2040, according to a market source.
The €1 billion 1¼% notes due 2027 priced at 98.014 to yield Bunds plus 103.5 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.
In March, Slovenia tapped €800 million 1¼% notes due 2027 priced at 97.01 to yield Bunds plus 129 basis points.
The €1 billion 1¾% notes due 2040 priced at 86.888 to yield Bunds plus 143.7 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 2016.
In March, Slovenia tapped €500 million 1¾% notes due 2040 priced at 86.901 to yield Bunds plus 158.2 bps.
Barclays, BNP Paribas, Goldman Sachs, JPMorgan and Deutsche Bank AG were stabilizing managers for the deal.
| Issuer: | Slovenia
|
| Amount: | €2 billion
|
| Description: | Notes
|
| Stabilizing managers: | Barclays, BNP Paribas, Goldman Sachs, JPMorgan and Deutsche Bank AG
|
| Trade date: | May 16
|
|
|
| 2027 tap
|
| Amount: | €1 billion
|
| Maturity: | March 22, 2027
|
| Coupon: | 1¼%
|
| Price: | 98.014
|
| Spread: | Bunds plus 103.5 bps
|
| Total amount: | €2.8 billion, including €1 billion priced at mid-swaps plus 63 bps in January and €800 million tapped in March
|
|
|
| 2040 tap
|
| Amount: | €1 billion
|
| Maturity: | Nov. 3, 2040
|
| Coupon: | 1¾%
|
| Price: | 86.888
|
| Spread: | Bunds plus 143.7 bps
|
| Total amount: | €2.5 billion, including €1 billion priced at mid-swaps plus 90 bps in October 2016 and €500 million tapped in March
|
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