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Slovenia Conducts EUR 1.5bn Bond Issue

Ljubljana, 18 January (STA) - Slovenia issued EUR 1.5bn worth of bonds Monday to finance its national budget. The ten-year bond has a coupon rate of 4.125%.

This is the fourth time that Slovenia has tapped into the international financial markets to raise cash in the past 12 months.

The latest issue, with a maturity on 26 January 2020, achieved 99.88% of the nominal price.

The Finance Ministry said that the yield of the new bonds, which will be listed on the Ljubljana Stock Exchange, was several basis points higher than those issued in February 2009, which had a coupon rate of 4.375.

Moreover, the yield of the new issue is 8 basis points above the Italian state bonds due in March 2020 and 89.3 basis points more than the German state bond due in January 2020.

The issue was made in line with the government's budget financing programme, which envisages one bond issue worth at least EUR 1bn in 2010.

Slovenia sold three bonds in 2009: a three-year issue worth EUR 1bn in January, a five-year issue worth EUR 1.5bn in March and a 15-year issue worth EUR 1.5bn in September.

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