| Project Detail |
Location:
Slovenia
Project number:
55792
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
25 Sep 2024
Status:
Signed
English-language PSD published:
08 Oct 2024
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.
Project Description
Investment of €5 million in the inaugural debt capital market issuance of Pozavarovalnica Sava, d.d. ("Sava Re", or the "Issuer"), a re-insurance company in Slovenia, in the form of EUR-denominated subordinated bonds (the "Bonds") with an aggregate issuance amount of €50 million (the "Project"). The Bonds will be Solvency II compliant, eligible as Tier III capital.
Project Objectives
The Project supports the Issuer with its (i) inaugural debt capital market issuance as the first-ever Tier III subordinated bond issuance by an insurer in Slovenia and (ii) further expansion in the region, fostering market consolidation and competition. |
