Ljubljana, 09 March (STA) - Slovenia issued one billion euros worth of treasury bonds on Monday. The five-year bond has a coupon rate of 2.75%. The issue, mature on 17 March 2015, achieved 99.453% of the nominal price.
This is the second bond issue Slovenia carried out this year in order to finance its national budget. It sold a EUR 1.5bn issue with a ten-year maturity and a coupon rate of 4.125% on 18 January.
The Finance Ministry said the yield of the latest issue was 37 basis points above the benchmark midswap rate. The bookrunners were Abanka Vipa, Commerzbank, Royal Bank of Scotland and Societe Generale.
After they were awarded the mandate for the new issue on Friday, the organisers opened a book of orders on Monday. "The orders came in swiftly, topping one billion euros in less than an hour," the ministry said.
Orders added up to EUR 1.7bn on the book's closure. Banks acquired 46.9% of the bonds, asset managers 37.5%, pension funds 11.7%, central banks and agencies 3.7% and other investors 0.2%.
The ministry said the issue attracted investors from across Europe, those from Germany subscribing to 33.5% of the issue. Subscribers also came from Italy (11.5%), Benelux (10.9%), the UK (9.9%), France (8.3%) and Scandinavian countries (5.6%). Domestic investors acquired 10.2% of the issue.
Slovenia sold three bond issues 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.