January 6 (SeeNews) - Slovenia has successfully completed a dual-tranche euro-denominated bond issue comprising new four-year and 40-year benchmark government securities, the finance ministry said.
The issuance of 1.25 billion euro ($1.41 billion) worth of four-year bonds maturing on February 13, 2026, and a 40-year bond in the amount of 500 million euro maturing on February 13, 2062, marks Slovenia's first benchmark transaction in 2022, the finance ministry said in a statement on Wednesday.
A coupon of 0.0% was set for the four-year bond, equivalent to a spread of 24.3 basis points (bp) over the German reference bond and a -21 bp spread over the mid-swap rate, the lowest in Slovenia's history, the finance ministry noted.
The coupon of the 40-year bond was set at 1.175%, with its spread over the German reference bond settled at 92.8 bp and the mid-swap rate gap at 75 bp.
At closing, the books exceeded 5 billion euro for the four-year tranche and 1.6 billion euro for the 40-year tranche.
Barclays, BNP Paribas, Commerzbank, Deutsche Bank, Goldman Sachs Bank Europe SE and J.P. Morgan jointly led the dual-tranche issue.
($ = 0.88579 euro)