News

On the basis of the reverse inquiry, on May 21, 2024, a bond exchange transaction of the Republic of Slovenia was concluded. The RS66 bonds maturing in 2024 and 2025 were exchanged for RS74 bonds maturing in 2035.

Minister of Finance Klemen Boštjančič attended the Ministerial Council Meeting of the Organisation for Economic Cooperation and Development (OECD) in Paris. Ministers discussed the current challenges facing countries and possible approaches to address them with a view to achieving sustainable and inclusive economic growth.

On Wednesday, 13 March 2024, the Republic of Slovenia, rated A3 (stable) / AA- (stable) / A (stable), successfully increased the 3% Notes due 10 March 2034 (ISIN SI0002104576) by EUR 500mio, bringing the total outstanding size to EUR 2bn. The success of this transaction is also underpinned by a strong final orderbook in excess of EUR 3.1bn.

The Republic of Slovenia – EUR 10-year tap

The European Commission Representation in Slovenia and the Recovery and Resilience Office today hosted the annual event of the Recovery and Resilience Plan in Slovenia. At the conference entitled Double Transition for Sustainable Economic Growth, the participants discussed the competitiveness of the Slovenian economy in light of the green and digital transition.

The Ministry of Finance will issue bonds for citizens on 1 February with a maturity of three years, an issue volume of €250 million and an interest rate of 3.4 %.

On Wednesday, 3 January 2024, the Republic of Slovenia, rated A3 (stable) / AA- (stable) / A (stable), successfully accessed the international capital markets with a EUR 1.5bn long 10-year Reg S issuance due 10 March 2034. This transaction marks the first sovereign EUR-denominated transaction of 2024 benefitting from start of year investor liquidity.

The Republic of Slovenia - EUR 10-year mandate

Slovenia has received EUR 536 million in response to its second request for the payment of funds from the Recovery and Resilience Facility.

Today, Slovenia received an advance of EUR 24 million of EU funds under the Recovery and Resilience Plan for the implementation of REPowerEU measures to reduce the dependence on Russian energy products and accelerate the green transition. In total, EUR 122 million is available to Slovenia for this purpose. It will receive the remaining funds when it meets the milestones and targets of the planned measures.

Today, the European Commission provided a positive preliminary assessment of the second payment request under the Recovery and Resilience Facility, which Slovenia submitted to Brussels in mid-September. Slovenia could receive the payment in the amount of EUR 541 million around the New Year.

On 20 October 2023, Fitch Ratings affirmed Slovenia’s rating at ‘A’, with a stable outlook.

The Ministry of the Economy, Tourism and Sport paid €31.77 million in advance payments to compensate for damage to the economy caused by August’s floods and landslides. Advances were made to all eligible businesses that submitted a damage assessment to the Ministry by 1 September, requesting an advance payment of 10% of the estimated damage.

The European Commission today welcomed the proposal to amend the Slovenian Recovery and Resilience Plan. The amendment to the plan also needs to be approved by the Council of the European Union. The renewed plan, which now also includes a REPowerEU chapter, will be worth EUR 1.61 billion in EU grants and EUR 1.07 billion in loans.

After the Government took note of the Report on the Implementation of the Recovery and Resilience Plan (RRP), the Office of the Republic of Slovenia for Recovery and Resilience submitted today to the European Commission a second request for payment under the Recovery and Resilience Facility.

On Tuesday, 12th September 2023, the Republic of Slovenia, rated A3 (stable) / AA- (stable) / A (stable), successfully entered the markets with a US$ 1bn 10-year 144A / Reg S bond. This landmark transaction represents the return of Slovenia to the US$ market for the first time since 2014. The success of the transaction, with over US$ 3.8bn of demand (including JLMs interest), is a strong testimony of the confidence institutional investors have in the Republic of Slovenia. Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs Bank Europe S.E. and J.P. Morgan jointly led the offering.

The Republic of Slovenia, rated A3 (stable) / AA- (stable) / A (stable), has mandated Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs Bank Europe SE and J.P. Morgan as Joint Lead Managers and Joint Bookrunners to arrange a Global Investor Call today, September 7, at 2pm UKT / 3pm CET / 9am EST, as well as a series of 1-on-1 investor calls also commencing today. A US$-denominated 144A/Reg S 10-year benchmark issue may follow subject to market conditions.

The Minister of Finance Klemen Boštjančič on the basis of the third paragraph of Article 40 of the Slovenian Sovereign Holding Act, issued a Decision on the appointment and tasks of the Expert Commission for the preparation of the candidate proposal for the member of the Slovenian Sovereign Holding (SSH) Supervisory Board.

In order to help alleviate the consequences of the floods that have recently struck large parts of Slovenia, please be informed of the State Budget bank account number to which foreign citizens, companies, governments or institutions can make donations.

The Government confirmed the proposed amendment to the Recovery and Resilience Plan that complies with the significant changes of circumstances that occurred after it was approved by the EU Council in July 2021. The Government will submit the amended plan to be formally harmonised and approved by Brussels by the end of the week.