NLB One of Lead Managers in Successful Issue of New Bond by Republic of Slovenia
5 January 2018
On 4 January 2018, NLB together with Citibank, Commerzbank, Goldman Sachs International Bank, HSBC and Jefferies in the role of lead managers took part in the issue of a new, 10-year reference bond of the Republic of Slovenia in the amount of EUR 1.5 billion. The new issue of the bond with maturity 6 March 2028 and annual coupon of 1 percent was sold with a spread of 13 basis points over the mid-swap.
The Republic of Slovenia made good use of the good market condition and considerable investors’ demand, as the order book was closed with a demand of 155 investors totalling EUR 3.2 billion (excluding the interest of lead managers of the issue). Upon allocation of funds investors were well dispersed by institutional type as well as geographically. In terms of investor type fund managers prevailed with 57% and geographically speaking the majority of investors come from Europe.
This has been the first successful offering of the state bond in the Central European region in 2018.
NLB Communications