Slovenia mocks Moody’s downgrade with blowout book

The Republic of Slovenia revived its dual tranche dollar deal on Thursday morning, having been forced to postpone the bond following a downgrade on Tuesday. While the action from Moody’s led to a two day delay on the trade, investors were undeterred with the final order book on the trade swelling past the largest size it had reached on Tuesday. Leads were even able to tighten guidance on the longer tranche from where initial price thoughts had been offered on Tuesday.