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NEWS

12. 9. 2017

Republic of Slovenia launches tender and exchange offers for each of its outstanding USD 2022 and USD 2023 notes

Ljubljana, 12 September 2017 - The Republic of Slovenia, rated Baa1 (stable) / A+ (stable) / A- (stable), has mandated Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs International Bank and J.P. Morgan as Joint Dealer Managers for a Tender Offer for the Issuer’s outstanding 2022, 2023 US$ securities as well as an Offer to Exchange the Issuer’s outstanding 2022, 2023 US$ securities into a reopening of the 2024 US$ notes.

Additionally, the Republic will consider a Euro-denominated Reg S transaction in dematerialized 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, as amended. 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. This announcement is addressed to and directed at persons in member states of the European Economic Area that have implemented Directive 2003/71/EC, as amended (the "Prospectus Directive") who are ''qualified investors'' within the meaning of Article 2(1)(2) of the Prospectus Directive. In addition, this announcement is directed solely at (i) persons outside the United Kingdom; or (ii) "investment professionals", as such term is defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ''Order''); or (iii) persons falling within Article 49(2)(a) to (d) (''high net worth companies, unincorporated associations etc'') of the Order; or (iv) any other person to whom it may otherwise lawfully be communicated by virtue of an exemption to section 21(1) of the Financial Services and Markets Act 2000, as amended or otherwise in circumstances where it does not apply (all such persons in (i)-(iv) above being ''relevant persons''). Any investment activity to which this announcement relates will only be available to and will only be engaged with relevant persons. Any person who is not a relevant person should not act on this announcement.

 

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Similar ratings for different types of issuers and on different types of securities do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.

PUBLIC RELATIONS OFFICE