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Slovenia mandates lead managers for new 3-yr govt debt issue

Author Iskra Pavlova
Slovenia mandates lead managers for new 3-yr govt debt issue Gena96/Shutterstock.com

LJUBLJANA (Slovenia), March 24 (SeeNews) - The Slovenian government said on Tuesday it has mandated six international banks as lead managers for a new euro-denominated issue of three-year government debt.

Parallel with that, Barclays Bank PLC, BNP Paribas, Commerzbank, Credit Agricole CIB, Goldman Sachs International Bank and HSBC will also lead manage an increase of Slovenia's outstanding 1.1875% notes due on March 14, 2029 (ISIN: SI0002103842), the government said in a statement.

The new three-year debt will mature in March 2023, the statement read, adding that the transaction is expected to be launched in the near future, subject to market conditions.

Earlier on Tuesday, the Slovenian government presented the main elements of its new so-called corona law, aimed at mitigating the coronavirus impact on local individuals and businesses.

According to a report by state news agency STA, the measures included envisaged in the new law are estimated at some 2.0 billion euro ($2.16 billion).

($= 0.924028 euro)

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