Published: February 11, 2014
Slovenia raises US$3.5bn in dual tranche bond issuance.
The government of Slovenia has raised a combined US$3.5bn on the debt capital markets.
The issuance consisted of a US$1.5bn tranche of 5-year bonds and a US$2bn tranche of 10-year bonds priced at 4.125% and 5.25%, respectively. Barclays, Goldman Sachs and JP Morgan were bookrunners.
The fundraising comes two months after the Slovenian government announced the launch of a €4.8bn bailout for the country’s banks, including €3.2bn to be put towards recapitalisation. In January the government set a borrowing ceiling of €7.7bn for 2014, suggesting that more trips to the market are likely in the near term.