Slovenia Raises Nearly €350 Million Through New Bond Issuance
Slovenia secured financing this week by issuing a seven-year bond, aiming to raise up to €5.3 billion through its budget financing program. The mandate was entrusted to OTP bank and Unicredit bank Slovenia, with the order book opening Tuesday morning at approximately 8:45 a.m. Initial demand was strong, reaching €375 million by 11:00 a.m.
Consequently, the originally planned issuance of €250 million was increased to €350 million, according to a statement from the Ministry of Finance. The majority of the bonds were purchased by Slovenian investors, accounting for 96 percent of the subscriptions. The remaining shares were taken up by investors from Austria.
Bank investors represented the largest segment of subscribers, accounting for 90 percent of the bonds purchased. Insurance companies accounted for a smaller portion, with six percent of the bonds subscribed by this investor type. The successful issuance demonstrates Slovenia’s ability to access capital markets and underscores the significant interest in Slovenian debt within the region.
The financing will be denominated in euros, with individual bonds valued at million-euro increments. This initiative is a key component of Slovenia’s broader financial strategy.
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