Slovenian retail investors snap up 258.4 mln euro in bonds

The bonds, featuring a three-year maturity and a 3.40% annual interest rate, were subscribed by 9,427 citizens, leading to the opening of a total of 5,659 new trading accounts, finance minister Klemen Bostjancic said in a statement.

"One of the important goals of this issue was to stimulate interest in various savings options on the capital market and to encourage permanent participation in such investments," Bostjancic said.

The bonds will be issued on February 23, 2024, and will be listed on the Ljubljana Stock Exchange on February 27, 2024.

The bond issue, initially scheduled for last year, has been delayed due to revised factors such as the 2023 gross domestic product (GDP) estimate, the inflow of funds under the EU's Recovery and Resilience facility, liquid budget assets, and the targeted government sector debt level of 69.9% of GDP for 2023.

($ = 0.9277 euro)