Editorial

07 May 2013 The Republic of Slovenia Bond Issuance

The Republic of Slovenia Bond Issuance - The Republic of Slovenia has closed a USD3.5bn dual-tranche bond at the tight end of revised yield guidance. The dual tranche offering (5 year, 10 year prints) reportedly received orders in excess of USD16bn. The bond issue was delayed on Tuesday during the bookbuilding process because of a two-notch downgrade by ratings agency Moody's, which now rates the sovereign one notch into junk territory at Ba1. However, the successful issue of these bonds will buy the alipne country some breathing space and shows that the bond markets are not quite turning their backs on Slovenia just yet. (Linklaters advised The Republic of Slovenia).

Financial Centre : London
Law Firm : Linklaters
Lawyer : Mike Bienenfeld

Practice Area : Debt Capital Markets
Classification : Sovereign and Public Sector Bonds
Sub-classification : Sovereign Bonds
Industry : Public Sector

Advised Party : Issuer
Value Range : USD1000.01-5000.00M

Issuer Jurisdiction : Slovenia
Primary Placement Jurisdiction : United Kingdom