CMS has advised Slovenia's SID Bank on its EUR 140 million German law-governed issuance of senior unsecured fixed-rate bonds with a seven-year maturity.
Deutsche Bank AG acted as the agent for the issuance. The SID Bank is a promotional development and export bank fully owned by the Republic of Slovenia.
According to CMS, “the bond, which will be guaranteed by the Republic of Slovenia in accordance with the Slovene Export and Development Bank Act, was assigned an investment grade rating of 'AA-' by international rating agency S&P Global [...] The bond will be listed in the Open Market segment of the Frankfurt Stock Exchange.”
The CMS team included Slovenia-based Partner Maja Erker Zgajnar, Counsel Irena Sik Bukovnik, and Associate Neza Voncina, with further team members in Germany.
CMS was unable to provide additional information on the deal.