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Wolf Theiss advises joint lead managers on the issuance of Republic of Slovenia’s EUR 1,000,000,000 Sustainability Notes

On 1 July 2021, Republic of Slovenia, successfully completed the issuance of EUR 1,000,000,000 Sustainability Notes. The Notes are the first ever sustainability bond issued by the Republic of Slovenia, proceeds of which shall, among others, support to finance climate, environment- and social-related projects. The Notes have a maturity of 10-years and shall bear interest on the principal amount of the Notes at the rate of 0.125 per cent. per annum. With the successful issuance of the sustainability bond, Republic of Slovenia became the first country in the CEE and second country in the European Union to issue a sustainability bond.

Joint Lead Managers J.P. Morgan AG, Barclays Bank Ireland PLC, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Goldman Sachs Bank Europe SE and Nova KBM d.d. were advised as to Slovenian law by a Wolf Theiss team led by partner Klemen Radosavljević, and consisting of partner Markus Bruckmüller, associate Matej Kraner and Nina Gantar. English law advice to the Joint Lead Managers was provided by Clifford Chance LLP.

Klemen Radosavljević on the transaction: “We are very pleased to have been a part of the first ever sustainability bond issuance by the Republic of Slovenia, which represents an important milestone for the sustainability bond market in Slovenia, and provides more investors the chance to greenify their portfolios.”

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