By: C. R.
The state plans to issue additional ten-year bonds, totalling €1.5 billion, with a maturity date of March 10th, 2034, issued earlier this year. The Ministry of Finance has today granted mandates for the organisation of the additional issuance to three banks, with the procedure expected to be carried out in the near future.
Slovenia has granted mandates for the organisation of an additional issuance of the ten-year euro bond with the designation RS93 to BNP Paribas, Deutsche Bank, and J.P. Morgan, as announced by the Ministry of Finance. The execution of the issuance is expected in the near future, depending on the conditions in the financial markets, they added.
The coupon rate of the RS93 bond, issued by Slovenia on January 3rd, is set at three percent, and according to the Ministry of Finance’s previous statements, the demand was several times higher than the final issuance amount. With its issuance, Slovenia has effectively utilised the available liquidity in the market, being the first country among issuers this year to do so.
In February, Slovenia issued so-called “people’s bonds” for the first time, which could only be subscribed to by citizens. The total value of this issuance is 261 million euros, with a maturity of three years and an interest rate of 3.4 percent. Since February 27th, they have been traded on the Ljubljana Stock Exchange, along with other government bonds.
The Budget Implementation Act for 2024 and 2025 stipulates that the state can borrow up to 4.7 billion euros this year and up to 4.3 billion euros in 2025. The annual debt repayment plan for this year includes a total repayment of 3.2 billion euros, of which 2.5 billion euros are principal repayments, with the remainder being interest.