Slovenska Sporitelna is planning to market its first internationally syndicated Aaa-rated euro covered bond, which could be sold in benchmark size. The expected deal follows Slovak Vseobecna uverova banka’s (VUB) €500m five year which was one of the best performing trades this year.
Slovenska Sporitelna plans to see investors across Europe alongside its parent bank, Erste Group, from May 22. A debut Aaa rated euro benchmark covered bond could follow.
The expected deal will be the second benchmark from Slovakia this year. It will follow the blow-out debut success