Slovenia achieves oversubscription, strong demand for floating-rate bonds, with domestic banks dominating 96% of the share

⑴ The Slovenian Ministry of Finance successfully issued a 7-year floating rate euro bond on Thursday, with a size of 350 million euros (approximately 406 million US dollars), and a maturity date of May 29, 2033. This issuance responded to domestic investors' demand for floating rate government financial instruments and helps further diversify the financing sources for the national budget.⑵ On May 26, the Ministry of Finance announced that it had entrusted local banks OTP Bank and UniCredit Banka Slovenija to lead the issuance. The bond order book opened at around 8:45 (UTC+8) on Tuesday, with the initial price guidance set at the 6-month EURIBOR plus 20 basis points. Demand was strong from the outset, reaching 375 million euros by 11:00 (UTC+8). As a result, the issuance size was increased from the initially announced 250 million euros to 350 million euros.⑶ Slovenian investors subscribed to 96% of this issuance, with the remaining portion coming from Austrian investors. By investor type, banks accounted for 90%, while insurance companies and investment funds had relatively lower participation.