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Slovenia: Fresh Money for Major Banks
Politics ♦
Published: December 27, 2013; 10:33 ♦ (Vindobona)
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Bonds of BAMC (Bank Asset Management Company), Slovenia’s bad bank, will be traded on Friday for the first time. The bonds will be forwarded to the country’s biggest banks in return for their bad loans.
Slovenia: Fresh Money for Major Banks / Picture: © Vindobona.org
The bonds of BAMC in the amount of € 1.01bn were listed at LJSE (Ljubljana Stock Exchange) already on Tuesday but since business was put on hold over the Christmas holidays the bonds were only traded on Friday for the first time.
On Tuesday two bonds were listed at LJSE: One in the amount of € 505m with a maturity of two years at a coupon rate of 3.75 percent and one in the…
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