The Finance Ministry launched on Monday a roadshow presenting a new EUR 1bn issue of benchmark euro bonds with lead managers NLB, ABN Amro and BNP Paribas. The bond issue will be presented through January in Amsterdam, The Hague, Utrecht, Reykjavik, Helsinki, London and Budapest.
The bonds will have a maturity of 11 or 15 years depending on investor interest, the director general of the treasury department, Stanislava Zadravec Caprirolo, told the press today.
Issued by the Slovenian Central Clearing Corporation (KDD) along with Clearstream and Euroclear, the second issue of euro bonds after Slovenia's eurozone entry will be listed on the Ljubljana Stock Exchange.
According to Matjaz Narat, a board member at the bank NLB, the first issue was subscribed mainly by foreign investor but now the state wants domestic investors to sign up as well.
Zadravec Caprirolo said the bonds were a long-term investment offering attractive returns considering the credit risk.
The government decided to issue at least one billion euros in bonds each year to repay old, more expensive debt. A second issue is however in the pipeline for this year if the first issue turns out to be successful.
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