Key Takeaways
- • The Republic of Slovenia has announced a new mandate for a USD-denominated 10-year benchmark international government note, according to a Portal GOV.SI notice.
- • The notes are being offered under Rule 144A to qualified institutional buyers in the United States and under Regulation S to non-U.S. persons, with no public offering in the U.S.
- • The offering is targeted at eligible counterparties and professional clients under EU MiFID II product governance rules, with stabilisation regulations under FCA/ICMA applying.
- • The source notice does not disclose the deal size, pricing, or final terms.
Summary
The Government of Slovenia has launched a new mandate for a US dollar-denominated 10-year benchmark bond, as published on the government's Portal GOV.SI. The announcement is a standard syndication-style notice and does not state the transaction size, initial price guidance, coupon, or settlement date, so those details should be confirmed through lead managers or subsequent pricing documentation.
The notes will be sold to qualified institutional buyers in the United States in accordance with Rule 144A under the Securities Act of 1933, and to persons outside the United States under Regulation S. The notes will not be registered under the Securities Act or any state securities laws, and there will be no public offering in the United States.
Distribution restrictions apply across jurisdictions. In the European Economic Area, the communication is directed only at qualified investors under Regulation (EU) 2017/1129. In the United Kingdom, it is directed only at qualified investors as defined under the UK Public Offers and Admissions to Trading Regulations 2024. The manufacturer's target market under EU MiFID II product governance is limited to eligible counterparties and professional clients across all distribution channels. Relevant stabilisation regulations, including FCA and ICMA rules, apply to the offering.
The notice also states that a credit rating is not a recommendation to buy, sell or hold securities and may be revised, suspended or withdrawn at any time by the assigning rating organisation. The announcement is not an offer to sell or a solicitation to buy any securities in any jurisdiction where such activity would be unlawful.
The notes will be sold to qualified institutional buyers in the United States in accordance with Rule 144A under the Securities Act of 1933, and to persons outside the United States under Regulation S. The notes will not be registered under the Securities Act or any state securities laws, and there will be no public offering in the United States.
Distribution restrictions apply across jurisdictions. In the European Economic Area, the communication is directed only at qualified investors under Regulation (EU) 2017/1129. In the United Kingdom, it is directed only at qualified investors as defined under the UK Public Offers and Admissions to Trading Regulations 2024. The manufacturer's target market under EU MiFID II product governance is limited to eligible counterparties and professional clients across all distribution channels. Relevant stabilisation regulations, including FCA and ICMA rules, apply to the offering.
The notice also states that a credit rating is not a recommendation to buy, sell or hold securities and may be revised, suspended or withdrawn at any time by the assigning rating organisation. The announcement is not an offer to sell or a solicitation to buy any securities in any jurisdiction where such activity would be unlawful.
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