Investors being presented Slovenia’s debut sustainability bond

Ljubljana – Slovenia is presenting the framework for its first sustainability bond to investors in a global call on Monday, to be followed by one-on-one calls with interested investors on Tuesday, the Finance Ministry has announced. The issue will depend on the market situation.

The state hired banks Barclays, BNP Paribas, Credit Agricole CIB, Goldman Sachs Bank Europe SE, J.P. Morgan and NKBM to arrange the calls with investors. Credit Agricole CIB is acting as structuring advisor.

The joint call started at 3:30pm today.

Depending on the market situation, the first ever euro sustainability bond may be issued after the calls are completed, the ministry said.

The government announced in mid-May that it had named a taskforce to consider issuing a green, social or sustainability bond.

While the bond would be equal to other sovereign bonds, the issue would be used to finance or refinance environmental or social projects included in the national budget.

By entering the “sustainability” market, the ministry said Slovenia would pursue the strategic goals of expanding the investor base and opening new distribution channels for sovereign bond.