By Nick Shamim
LONDON (MNI) – Slovenia has satisfied its funding needs for 2010
and does not plan at the present time to come to market or tap any
existing issues again this year, a senior source in the Finance Ministry
told Market News International.
For next year, Slovenia is planning two transactions — one in the
first quarter and the other in the second quarter. Both issues are
expected to be for E1.5 billion with maturities of 10- or 15-years, if
the market permits, the source said.
Slovenia, which borrows under the name of the Republic of Slovenia
and is rated Aa2/AA/AA, has now completed its E2.5 billion issuance
programme for this year. This included the sale of a new 10-year issue
for E1.5 billion in January and a new 5-year issue for E1.0 billion in
March, which was the country’s sixth transaction since joining the
Eurozone in January 2007.
The target at the beginning of this year was E2.5 billion and the
source stressed that this not been changed. “For now, there are no
additional funding needs this year,” the source said.
The sale of the two new bonds in 2011 will complete Slovenia’s
issuance programme for next year, projected at E3.0 billion, the source
added.
— London newsroom: 00 44 20 7862 7494; e-mail: nshamim@marketnews.com
[TOPICS: MMXBO$,MNXAU$,MFX$$$,M$F$$$,MGX$$$,MX$$$$,M$X$$$,MT$$$$]
