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Slovakia 10-year mandate

EGB SYNDICATION

"The Slovak Republic has mandated J.P. Morgan, Slovenska sporitelna (Erste Group), Tatra banka (Raiffeisen Bank International Group) and UniCredit as Joint Lead Managers and Joint Bookrunners. A new RegS Bearer EUR benchmark offering, with a 10 year maturity, will follow in the near future subject to market conditions." From market source

  • MNI expect the tranasction to take place tomorrow and pencil in E1-2bln.
  • Slovakia often leaves its first syndication of the year until April. However, in 2023 it held a dual-tranche 12/20-year syndication in February – but last year also saw a E3.0bln redemption in February while this year does not see the first redemption until June. We had thought this might see the first syndication of the year return to April (particularly given the launch of the 2/4-year SlovGBs via the special auction).

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