Slovenia commissions three-year bond

Ljubljana, 24 March - The Slovenian Finance Ministry has commissioned several major international banks to manage a new issue of a three-year euro-denominated bond, in what would be the second major borrowing effort this year.

Barclays Bank PLC, BNP Paribas, Commerzbank, Crédit Agricole CIB, Goldman Sachs International Bank and HSBC have been mandated to manage the new bond and increase the issue of an existing bond that is due in 2029, the ministry said on Tuesday.

The exact time frame has not been disclosed beyond the ministry saying that the transaction was expected "in the near future, subject to market conditions," but judging from previous such announcement the new issue could be completed within days.

The treasury had borrowed EUR 1.5 billion in January in what was then expected to be the only major borrowing operation for the year.

© STA, 2020