Slovenia places 60-year €500mn Eurobond

By bne IntelliNews January 27, 2021

Slovenia successfully placed a new 60-year Eurobond issue worth €500mn with a coupon rate of 0.6875% on January 27, the finance ministry said.

The new Eurobond will have the longest tenor of any listed in the Central, Southeast and Eastern Europe region, though Poland and Slovenia have issued 50-year Eurobonds in the past.

A day earlier BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe SE and HSBC were engaged to organise the issuance of the new Eurobond

“Due to the positive response of investors, Slovenia opened the order books on January 27,” the finance ministry said, adding that despite the recent global turmoil, market conditions were relatively favorable.

When the order book for the new Eurobond closed, it contained over €4.3bn in orders placed by over 150 high-quality investors.  

The largest share of investors, 34%, came from Germany and Austria, followed by France (15%), the UK and Ireland (15%) and America (14%).

In terms of institutional distribution, 67% were find managers, insurers and pension funds, while 13% were banks.

Slovenia is rated A3/stable by Moody’s and AA-/stable by S&P and A/stable by Fitch.

Related Articles

EIB Group invests €530mn in Croatia in 2020

The European Investment Bank Group (EIB Group) said it has secured €530mn in loans, equity and guarantees in Croatia in 2020. “The two parts of the EIB Group, the European Investment Bank ... more

Hardline Iranian MPs baulk at government’s arrangement with UN nuclear inspectors

Hardline Iranian MPs on February 22 protested against the Rouhani government’s decision to permit “necessary” monitoring of Iran’s nuclear development programme by the UN nuclear watchdog for ... more

IIB inaugurates new HQ in Budapest

The International Investment Bank (IIB) inaugurated its new headquarters in Budapest in Lanchíd Palota, a landmark Neo-Renaissance style palace next to the iconic Chain Bridge on February 19. ... more