Commentary & Deal Flow

Reoffer: 10yr: T+65bp / 99.773 / 5.63%
Benchmark: 10yr: UST Ref @ 97-08+ / 4.98% (100% HR)

10yr: Final books closed >US$785m (incl. US$195m JLM). Peak book >US$825mn (incl. US$220mn JLM)

Launched: 10yr: US$500m @ T+65bp - Books closed >US$785m (incl. US$195m JLM)
Spread set at: 10yr: T+65bp - Total books >US$825mn (incl. US$220mn JLM)
Guidance: 10yr: T+65a
IPTs: 10yr: T+65a

• Issuer: Republic of Slovenia (SLOVEN)
• Issue Rating: A2 by Moody's / AA by S&P / A+ by Fitch (Stable / Stable / Stable)
• Status: Senior, Unsecured, Unsubordinated
• Format: 144A/Reg S CAT1, registered
• Size: US$500m
• Settlement: 3-Nov-26
• Maturity: 3-Nov-36 (10y)
• Coupon: 5.60%, Fixed, Semi-annual, 30/360
• Reoffer: 99.773% / 5.63%
• Spread: CT10 +65bp (equiv. to ~SOFR MS (S/A, 30/360) +103bps)
• UST Ref: 97-08+ / 4.98% (100% HR)
• Denoms: US$200k x US$1k
• Listing: Luxembourg Stock Exchange (Regulated Market)
• Governing Law: English Law
• UOP: General funding purposes
• ISIN: US831594AJ58 (144a)
• Bookrunners: Barclays (B&D), Deutsche Bank, DZ Bank, J.P. Morgan and Raiffeisen Bank International
• Target Market: Eligible counterparties and professional clients only (all distribution channels)
• Timing: Priced. TOE 16:16 CET / 15:16 UKT | FTT: 10:30 CET / 9:30 UKT