Slovenia eyes euro return

摘要

Slovenia's rehabilitation with international investors could be complete in the coming weeks after the sovereign announced its intention to issue its first public euro-denominated bond transaction in three years. The eurozone member, which is finally on the path to resolving a banking crisis that nearly forced it to seek a bailout, will meet investors throughout Europe from Monday as it plans to issue its first non-private bond in euros since two transactions in the first quarter of 2011, when it sold 10-year and 15-year notes, each for €1.5bn. "It's definitely good they are finally contemplating the euro market," said a banker close to the deal. "It seems like there is interest in meeting them. The initial feedback has been very good." "The purpose of the deal is not to do the longest possible but to have a successful transaction and meet investor interest, while having a reasonable cost of funding," added the banker. "Given that this is their return, they don't want to do something too funkv."