The Slovenian Government issued today two new issues of government bonds with a face value of EUR 1 billion each. The ISIN codes of these bods are, respectively, SI0002103388 (7-year maturity) and SI0002103396 (3-year maturity). The settlement of the new issues will take place on 8 April 2014.
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 bonds (as identified above) from 15:30 CET to 16:45 CET, applicable only to the settlement date 8 April 2014.
As a result of that, the deadline for settlement of transactions with the above bonds by UniCredit Bank Slovenia will be prolonged until 16:15 CET on 8 April 2014. All instructions received after this deadline will be settled on best-effort basis.
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 the settlement of the new issues of government bonds will contribute to reducing the amount of settlement failures and therefore - operational risk.