February 28 (SeeNews) - Slovenia has mandated several international lenders to lead manage increases of two outstanding government notes due in March 2027 and in November 2040, the finance ministry said on Tuesday.
"The Republic of Slovenia, rated Baa3 (positive) / A (positive) / A- (stable), has mandated Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs International Bank and SG CIB to lead manage increases of the outstanding 1.250% notes due 22 March 2027 and the outstanding 1.750% notes due 3 November 2040," the finance ministry said in a statement.
The deal is expected to be launched in the near future, subject to market conditions, the ministry said in a statement.
Earlier this month, Slovenia said it has mandated Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs International Bank and SG CIB as joint dealer managers for a tender offer for the issuer’s outstanding 2022, 2023 and 2024 US dollar securities.
At the time, it also said it will consider a euro-denominated Reg S transaction in dematerialised registered form, subject to market conditions and the results of the concurrent tender offer.
Last month, Slovenia successfully placed a new 1 billion euro ($1.2 billion) 10-year bond issue and reopened by 300 million euro its 30-year benchmark, due in August 2045, to bring the new outstanding issue to 1 billion euro benchmark size.
"Both transactions priced in very good terms taking advantage of a strong reopening of the euro primary market in 2017", the finance ministry said at the time.
($=0.9436 euro)