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Republic of Slovenia - Tender Offer - Results

Updated: Mar 5, 2023

Settlement of the Tender Offer and New Issue executed on 21 February 2023


28 FEBRUARY 2023


Full announcement available via Rep of Slovenia



"Today, on 28 February 2023, the settlement of the liability management transaction, executed on 21 February 2023, took place which consisted of an additional issue of RS85 bonds in the value of EUR 200 million and buying back of RS83 and RS66 bonds."


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"RS83 bonds were bought back in the amount of EUR 17,830,000, which reduced their outstanding nominal value to EUR 1,044,855,000. RS66 bonds were bought back in the amount of EUR 69,083,000, which is EUR 1,265,000 more than previously announced, reducing its outstanding nominal value to EUR 1,405,876,000. The outstanding nominal value of the RS85 bond increased to EUR 1.85 billion."

 

THE REPUBLIC OF SLOVENIA ANNOUNCES TENDER OFFERS FOR EACH OF ITS OUTSTANDING €2,230,000,000 0.200 per cent. Notes due 2023 (of which €1,062,685,000 is currently outstanding) AND €1,500,000,000 4.625 per cent.Notes due 2024 (of which €1,474,959,000 is currently outstanding)


14 FEBRUARY 2023


Full announcement available via Rep of Slovenia



"The Republic of Slovenia (the “Issuer” or the “Republic”), announces today its invitations to eligible holders (subject to the offer restrictions referred to below) of its outstanding (i) €2,230,000,000 0.200 per cent. Notes due 2023 (ISIN: SI0002103974) (of which €1,062,685,000 is currently outstanding) (the “2023 Notes”) and/or (ii) €1,500,000,000 4.625 per cent. Notes due 2024 (ISIN: SI0002102984) (of which €1,474,959,000 is currently outstanding) (the “2024 Notes” and, together with the 2023 Notes, the “Notes” and each a “Series”) to tender their Notes for purchase by the Issuer for cash (each an “Offer” and, together, the “Offers”).

The Offers are made on the terms and subject to the conditions set out in the Tender Offer Memorandum dated 14 February 2023 (the “Tender Offer Memorandum”).

Copies of the Tender Offer Memorandum are available from the KDD - Centralna klirinško depotna družba, d.o.o. (the “KDD”). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.



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Rationale for the Offers


The Issuer is making the Offers (subject to the New Financing Condition (as defined below)) as part of the Republic of Slovenia’s effective management of its Central Government debt.

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