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Republic of Slovenia launches cash tender and exchange offers on USD 2022, USD 2023 and USD 2024 notes

Ljubljana, 20 February 2018 - The Republic of Slovenia, rated Baa1 (stable) / A+ (stable) / A- (stable), has mandated Barclays, Deutsche Bank, Goldman Sachs International Bank, HSBC and J.P. Morgan as Joint Dealer Managers for a Tender Offer for the Issuer’s outstanding 2022, 2023 and 2024 US$ securities as well as an Offer to Exchange the Issuer’s outstanding 2022 and 2023 US$ securities into a reopening of the 2024 US$ notes (the “New 2024 Notes”).

Additionally, the Republic will consider a Euro-denominated Reg S transaction in dematerialised registered form, subject to market conditions and the results of the concurrent Tender Offer. Relevant stabilisation (including FCA/ICMA) applies. Tender and Exchange Offer Launch Announcement is published on the Luxembourg Stock Exchange website.


Neither this announcement nor any copy of it, in whole or in part, may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada or Japan or any other jurisdiction where to do so would be unlawful. This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe, any securities to any person in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is not an offer for sale of, or a solicitation to purchase or subscribe for,  any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933. The Issuer has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States. The communication of this announcement has not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement may be exempt from the restriction on financial promotion under section 21 of the FSMA pursuant to Article 34 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”) or on the basis that any such communication is only directed at and may only be communicated to persons to whom this announcement may lawfully be communicated in accordance with the Financial Promotion Order.


A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.


Manufacturer target market (MIFID II product governance) for the New 2024 Notes (as defined above) is eligible counterparties and professional clients only (all distribution channels).