Slovenia blow-out cranks whole curve tighter

Slovenia’s recent $3.5bn bond has repriced the borrower’s bond curve tighter by as much as 25bp, according to bankers on and off the blow-out deal. Although some of the borrower’s dollar paper has not recovered all the ground lost in the latest emerging market sell-off, the fact that the Slovenia’s euro paper has been pulled tighter made it clear the performance qualified as a repricing rather than a recovery, said bankers on the bond.