The Slovenian government issued on 17 January 2017 a government bond with a face value of EUR 1 bn. The ISIN code of the bond is SI0002103685 (10-year maturity). In addition, the state reissued a government bond with ISIN: SI0002103552 in amount of EUR 300 mn. The settlement of the new issue and the reissued bond will take place on 24 January 2017.
As a result of the expected increase in settlement activity, KDD will prolong the deadline for settlement against payment of OTC transactions with the newly issued bond (as identified above) from 16:00 CET to 16:45, applicable ONLY to the settlement date 24 January 2017.
Consequently, UniCredit Bank Slovenia will also prolong its deadline towards clients for the settlement of transactions with the above bonds until 16:15 CET (30 minutes prior to the market deadline) on that day only. All instructions received after this deadline will be settled on a best-effort basis.
Furthermore, UniCredit Bank Slovenia will also extend its cut-off time for bank-to-bank cash payments (SWIFT MT200 and MT202) until 17:00 CET on 24 January 2017 only.
We encourage you to contact our relationship and operational teams to discuss this further so that we can make sure that you receive timely and efficient support with regards to your activities.
Impact on investors: The increased deadline for settlement of the new issue of government bond will contribute to reducing the amount of settlement failures and, therefore, operational risk. The extended cash cut-off times will accommodate the possibility for later settlement of securities transactions with the newly issued government securities and will allow for an efficient management of our clients' cash balances in line with their liquidity policies.