Ljubljana, 06 January (STA) - Slovenia has given banks the mandate to organise the issue of a new 30-year bond maturing in 2055. The bond is expected to be issued later this week, continuing the state's long-standing practice of borrowing in the first days of the year. In 2025 the state can borrow up to EUR 4.58 billion.
The state has mandated the Deutsche Bank, Erste Group, Goldman Sachs, HSBC, JP Morgan and the OTP Banka Slovenia to organise the issue of the new bond, the Finance Ministry wrote in a press release on Monday.
The deal is expected to be launched in the near future, subject to market conditions. Based on past experience the bond could be issued as early as this week.
Slovenia is one of the first European countries to go into debt every year as it has been borrowing in January since 2017.
The size of the debt is normally around EUR 1.5 billion. Last year Slovenia first issued 10-year bonds worth EUR 1.5 billion and then increased the issuance twice to EUR 2.75 billion in total.
The latest issued 30-year bond will mature in October 2050, with a total issuance of EUR 1.85 billion.
