Slovenia’s SID Bank successfully issued COVID-19 bonds worth €350mn on international capital markets, the bank announced on July 2.
The state-owned bank will use the funds raised to help the Slovenian economy to alleviate the consequences of the crisis related to the coronavirus (COVID-19) pandemic.
According to the bank, the funds will make it easier for companies to overcome temporary liquidity problems, as well as speed up technological and sustainable transformations, which will enable the restoration of economic growth and the provision of quality jobs.
According to SID Bank, demand for the bonds exceeded expectations and amounted to a total of more than €700mn. This enabled SID Bank to achieve a very favourable yield of 0.14% on the 5-year bonds.
SID Bank is a promotional development and export bank that is 100% state-owned. Its objective is to promote sustainable development and improve the competitiveness of the Slovenian economy.
Slovenian banks NLB and Addiko have introduced a special initiative aimed at supporting socially vulnerable borrowers with loans denominated in Swiss francs. Announced by the Association of Banks ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more
Slovenian commercial banks achieved €819.1mn in pre-tax profit during the first nine months of 2023, representing a surge of 123.5% compared to the corresponding period last year, the Bank of ... more