Slovenia is collecting offers for the buyback of bonds with coupon rates of 5.5%, 5.85% and 5.25% which are due in 2022, 2023 and 2024, respectively, the Finance Ministry said on Tuesday.

The treasury reserves the right to significantly reduce or increase the buyback amount or withdraw the offer.

Opened today, the offer stands until 15 May at 5 PM CET. The results and the pricing will be published on 16 May, while the transaction is to be carried out on 23 May.

Slovenia has been buying back dollar bonds since early-2016 in order to reduce debt servicing cost. The latest eurobond issues used to buy back the dollar bonds had interest several percentage points below the dollar bonds, resulting in significant savings.