Slovenia
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Slovenia’s development bank, SID Banka, increased priced its first deal in five years on Tuesday, raising the deal size from a planned €250m.
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Slovenia’s development bank, SID Banka, opened books on a €250m three year deal on Tuesday morning.
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Slovenia gave CEEMEA the privilege of producing the first post-Greek agreement Eurozone sovereign deal this week. Pricing with only a single digit new issue premium and a pack of investment grade accounts in the book proved the sovereign is increasingly leaving its EM roots behind. But the success will still raise hopes among CEEMEA governments looking for duration.
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Slovenia priced a €1.25bn 10 year transaction on Tuesday with only a single digit new issue premium, according to bookrunners. The thirst for duration should help encourage other European sovereigns.
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CEEMEA is refusing to put its feet up for the summer. Slovenia has reopened European sovereign supply, Zambia is prepping a dollar benchmark and rarer names are offering old school emerging market yields in the double digits.
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Slovenia launched a 10 year euro benchmark on Tuesday, but decided against adding a 30 year tranche.
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Slovenia’s development bank, SID banka, has picked banks for a potential euro transaction five years after its last benchmark issue.
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