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Skip Navigation LinksHome :: Markets/asset classes :: Credit markets :: SLSP bank to launch two mortgage bond issues on Apr 16.

Wednesday, April 9, 2008

SLSP bank to launch two mortgage bond issues on Apr 16.





SLSP bank to launch two mortgage bond issues on Apr 16. Slovenska Sporitelna (SLSP) was preparing two new issues of mortgage bonds, the bank announced. Both of them were to be floated on April 16. The larger issue would have a SKK 500mn volume and a maturity period of thirteen years. It would bear a fixed coupon rate of 5%, paid on an annual basis. The second issue would expire in 2012 and have a floating coupon rate of six-month BRIBOR plus 10bps. It would be paid twice per year. Both issues were to be floated at par on a closed auction for a selected range of investors. They would be also applied for trading on the listed parallel market of the Bratislava Stock Exchange (BCPB). SLSP is the largest bank in Slovakia in terms of total assets. It is fully owned by Austrian Erste Bank.







We’ve certainly seen some clients actively seeking out firms that have avoided the worst of the problems. I should say ‘there, but for the grace of God’... but the truth is, we’ve so far avoided massive write-downs and that’s allowed us to focus on our clients and their needs, and not have to be very focused on ourselves

Lloyd Blankfein, chairman and CEO of Goldman Sachs

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