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INI-609/21

REPUBLIKA SLOVENIJA

Announcement of the Settlement of the Republic of Slovenia Tender Offers and Further Buyback of its Outstanding 2023 Notes

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL.

15 September 2021

SETTLEMENT OF ITS TENDER OFFERS FOR EACH OF ITS OUTSTANDING €1,250,000,000 2.250 PER CENT. NOTES DUE 2022 (ISIN: SI0002103453) (THE “2022 NOTES”) AND €2,230,000,000 0.200 PER CENT. NOTES DUE 2023 (ISIN: SI0002103974) (THE “2023 NOTES”) AND FURTHER BUYBACK OF ITS OUTSTANDING 2023 NOTES

Further to its announcements on 31 August 2021 and 8 September 2021, the Republic of Slovenia (the “Issuer” or the “Republic”), announces settlement of its tender offers of the Issuer’s outstanding 2022 Notes and 2023 Notes (together with the 2022 Notes, the “Notes”) pursuant to the Issuer’s invitation to holders of the Notes to tender their Notes for purchase by the Issuer for cash (each such invitation an “Offer” and, together, the “Offers”).

The payment for the Offers were made on the terms and subject to the conditions set out in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

Furthermore, on 8 September 2021, the Issuer also agreed to buy back an additional €80,000,000 in nominal amount of 2023 Notes (the “Buyback”). The Buyback was completed on the same pricing terms as those agreed pursuant to the Offer of the 2023 Notes and as set out in the table below:

A summary of the pricing terms of the Buyback appears below:

Nominal Amount purchased

Purchase Yield

Purchase Price

Accrued Interest

Total Consideration (including accrued interest)

€80,000,000

- 0.820%

101.587 per cent.

0.092 per cent.

€81,343,243.83

KDD has been instructed by the Issuer to cancel all Notes purchased pursuant to the Offers and the Buyback following completion of the settlement thereof.

Following completion of the Offers and the Buyback, the aggregate nominal amount of the relevant Notes of each Series that remain outstanding is set out below:

Title of Notes

Aggregate Outstanding Amount

2022 Notes

€1,238,743,000.00

2023 Notes

€2,063,152,000.00

Barclays Bank Ireland PLC, BNP Paribas, Deutsche Bank Aktiengesellschaft, HSBC Continental Europe and J.P. Morgan AG acted as Dealer Managers on the Offers.

KDD

KDD - Centralna klirinško depotna družba, d.o.o.

Tivolska 48
1542 Ljubljana
Slovenia

Telephone: +386 1 307 35 61
Email: korporacijske@kdd.si / poravnava@kdd.si
Attention: Iztok Kovač

 

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Issuer and the Dealer Managers to inform themselves about, and to observe, any such restrictions

 

Ministry of Finance
Date: 15.09.2021