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Slovenia Opens Tender Offer, Weighs Ultra-Long Issuance

EGB SYNDICATION

Slovenia has announced invitations to eligible holders of 2.25% Mar-22 and 0.20% Mar-23 notes to tender them in exchange for cash. Slovenia has mandated Barclays, BNP Paribas, Deutsche Bank, HSBC, and JPMorgan as joint managers for the tender offer.

  • The tender transaction will run from today and expire 1300BST/1400CET on 7 September (results at or around 0900BST/1000CET on 8 September).
  • Additionally, per BBG, Slovenia will consider selling ultra-long EUR-denominated bonds "subject to market conditions and the results of the concurrent tender offer".
  • As we noted in our Eurozone Deep Dive (out earlier today), we saw a 50% probability of a Slovenian syndication in September.

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