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
UAE's RAKEZ partners with ADIB to ease banking for SMEs and startups
Ras Al Khaimah Economic Zone (RAKEZ) has signed a memorandum of understanding with Abu Dhabi Islamic Bank (ADIB) to simplify bank account opening procedures for its clients, WAM reported. ... more
European Union increases humanitarian aid to Syria to €202mn
The European Union announced on May 27 an increase in humanitarian aid to Syria to more than €202mn for this year, SANA reported. The additional funding will ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago