LJUBLJANA (Slovenia), May 13 (SeeNews) – Slovenia bought back a total of $1.25 billion (1.1 billion euro) of three dollar-denominated outstanding bond issues, above its initial target of 750 million euro among stronger than anticipated demand, the country's finance ministry said.
At the same time, the country raised 1.25 billion euro through the re-opening of two euro-denominated issues, "which allowed it to fund the USD buyback and extend the overall duration of its debt stockpile at an attractive all-in yield," the ministry said in a statement published on its website late on Thursday.
For the buyback transaction, the government targeted its outstanding $2.25 billion 5.5% notes due 2022, $2.5 billion 5.85% notes due 2023, and $2.0 billion 5.25% notes due 2024. Demand reached $3.1 billion.
Details follow:
|
2022 Notes |
2023 Notes |
2024 Notes |
Acceptance amount |
$550 mln |
$400 mln |
$300 mln |
Purchase price |
114.462% |
116.706% |
113.504% |
Purchase yield |
3.012% |
3.163% |
3.263% |
Regarding the new bond issue, Slovenia reopened its outstanding 2.125% notes due July 28, 2025 and the 2.25% notes due March 3, 2032.
Details follow:
Existing notes |
1.25 bln euro |
1.50 bln euro |
Total increase amount |
750 mln euro |
500 mln euro |
Maturity date |
July 28, 2025 |
March 3, 2032 |
Annual coupon |
2.125% |
2.250% |
Re-offer price |
106.240% |
99.667% |
Re-offer yield |
1.397% |
2.275% |
Accrued interest |
12.8 mln euro |
2.3 mln euro |
(1 euro=$1.1297)