Slovenian curves contract as sovereign launches €2bn return

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By Steven Gilmore
03 Apr 2014

The Republic of Slovenia demonstrated the huge progress it has made since the start of the year, slicing into its euro curve with a dual tranche deal that pulled its spreads in euros and dollars 10bp-20bp tighter.

Barclays, Commerzbank, HSBC, Société Générale and UniCredit priced a new €1bn seven year bond at 173bp over mid-swaps on Tuesday, and a €1bn long three year at 115bp over. They received almost €10bn in orders across both tranches.

The increased comfort of investors with the country has pulled in ...

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