Business News

SID Bank Issues EUR 200M Three-Year Bond

Ljubljana, 26 March (STA) - SID, the state-owned export and development bank, has issued a EUR 200m three-year bond on the international capital market. The issue was sold to a closed circle of investors, the bank said on Tuesday.

The semiannual floating coupon rate has been set at 6-month EURIBOR +3.20%. The bonds mature on 28 March 2016 and will be traded on the Vienna Stock Exchange.

This is the third SID issue this month, the bank having already issued a EUR 150m bond on 18 March and EUR 50m on 20 March.

SID bonds are guaranteed by the state.

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