Slovenia mandates banks for triple tranche tap of euro notes due 2028, 2035 and 2045

By Rebecca Melvin

New York Feb. 27 – Slovenia has mandated banks for a triple tranche tap of its 1% euro notes due 2028, 1½% euro notes due 2035 and 3 1/8% euro notes due 2045, according to a syndicate source on Tuesday.

Barclays, Deutsche Bank, Goldman Sachs International Bank, HSBC and JPMorgan are leading the Regulation S transactions.

Abanka d.d. will be invited as co-lead manager for the taps.

The original issue of €1.5 billion notes due 2028 priced on Jan. 11 for a yield of 1.036%, or mid-swaps plus 13 basis points.

The sovereign also priced €1 billion 3 1/8% notes due 2045 in January 2017 at mid-swaps plus 112 bps. And it priced a €1 billion tap of its 1½% notes due 2035 in August 2016 at mid-swaps plus 98 bps, and the original €1 billion of 2035 notes in March 2015 at 72 bps over mid-swaps.

Completion of the new tranches is subject to market conditions.

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