Slovenia confirms banks for roadshow ahead of dollar bond

By John Geddie

LONDON, Oct 10 (IFR) - Slovenia (Baa2/A/A-) has confirmedthat it has mandated BNP Paribas, Deutsche Bank and JP Morgan toarrange investor meetings with a potential US Dollar 144a/Reg Soffering to follow, subject to market conditions.

The Slovenes will meet investors across the US starting onthe West Coast on October 15, then in Boston on October 16, andNew York on October 17. The roadshow will end in London onOctober 18-19.

Finance Minister Janez Sustersic told Reuters last monththat the cash-strapped sovereign planned to issue a USD1.5bn10-year US dollar bond in the second half of October or inNovember.

Slovenia has only issued in euros since it adopted thecurrency in 2007, but was forced to pull a euro-denominated bondearlier this year as market concerns over its debt-ridden,state-owned banks escalated.

With USD1.5bn of bond redemptions in early 2013, and abudget deficit that soared to 6.4% of GBP in 2011, many believethat if Slovenia continues to be locked out of bond markets itwill have no choice but to seek official sector aid.

(Reporting By John Geddie; Editing by Sudip Roy)

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