State Approves Further Euro-Denominated Bond Issues
The Slovenian state has authorized OTP bank and UniCredit Banka Slovenija to issue new variable-rate bonds in euros, expanding its borrowing within the sovereign debt market. Following a successful initial issuance shortly after the new year, the state is pursuing further debt financing for the 2026 budget. Specifically, the Ministry of Finance announced the approval of two bond offerings.
One is a seven-year variable-rate bond, while the other is a ten-year bond carrying a 3.275% interest rate and a maturity date of March 12, 2036. This latest issuance builds upon previous borrowing, mirroring the February issuance of a 10-year bond with the same interest rate and maturity. In February, the state increased its debt by 750 million euros through an additional issuance of this bond, bringing the total outstanding amount to 2.5 billion euros.
This follows a prior borrowing of 1.75 billion euros from the sovereign debt market during the same year to finance the state budget. The Ministry of Finance anticipates finalizing the 2026 budget by the end of March. These bond issuances represent a key component of the state’s strategy for managing its financial obligations.
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