Slovak Republic Issues 10-Year Bond Valued at €2.5 Billion
What happened
The Slovak Republic issued a new 10-year bond valued at €2.5 billion, which was its second and final syndicated issue of the year. The coupon rate was set at 4.25% per annum, achieving a final annual yield of 4.309%. The issue was priced at a spread of 77 basis points above the interest rate swap rate, equivalent to 81.3 basis points above the yield on the German government bond maturing in August 2036.
From enrsi.stvr.sk
Why it matters
The issuance attracted over 120 investors, with total demand exceeding €4.5 billion. The largest investor groups included banks and private banks (45%) and asset managers and investment funds (31%). Geographically, the largest share of the issue went to investors from Germany, Austria, and Switzerland.
Talent movement and M&A business developments within major financial institutions like Citi, Deutsche Bank, and HSBC, based in London.
From enrsi.stvr.sk
Who's involved
- Slovak RepublicIssuer of the 10-year sovereign bond
- HSBCLead manager for the bond issuance
- Deutsche BankLead manager for the bond issuance
- AustriaMajor geographic market for the bond investors
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The entities involved
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HSBC
British multinational bank
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Deutsche Bank
German global banking and financial services company