Petrol d.d., Ljubljana to issue Eurobonds

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On 16 June 2014, Petrol d.d., Ljubljana successfully priced 5-year bonds worth a total of €265m. The bonds were priced at 99.32% of their notional amount, carrying a 3.25% annual coupon and a yield to maturity of 3.4%. This marks the first international corporate issuance in Slovenia since 2009 and the countrys second ever corporate issuance.

Presentations to investors included a 4-day roadshow during which the Management Board of Petrol met nearly 30 international investors in London, Frankfurt, Amsterdam, Paris and Vienna.

Petrol announced its transaction at the open market on Monday, 16 June 2014. The order book was closed within three hours of the transaction announcement at about €1bn in high-quality orders from over 120 institutional investors.

Transactions were concluded primarily with Fund Managers and Insurance Companies, which accounted for 89% of the orders, with the balance taken up by Banks and Private Banks 10% and other investors 1%. The geographical distribution was well-diversified, with 21% of investors being UK-based, 22% were from Germany and Austria, 7% from Slovenia, 49% from other European countries and 1% from other regions.

Tomaž Berločnik, President of Petrols Management Board, commented: "Upon receiving a preliminary credit rating of BBB- from the U.S. rating agency Standard and Poor's on 5 June 2014, we decided to use this excellent rating and announce the possibility of issuing bonds on the international capital markets. With this in mind, we carried out, last week, an investor roadshow across Europe and the UK organised by the U.S. investment bank J.P. Morgan, who was also the sole bookrunner on the transaction. The net proceeds from the issue will be applied by us for the Petrol Groups general corporate purposes including the refinancing of maturing indebtedness.

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This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC (the Directive). Investors should not subscribe for any Notes except on the basis of information contained in the Prospectus expected to be published in connection with the listing of the Notes. A copy of the Prospectus is expected to be available for inspection on the website of the Irish Stock Exchange at www.ise.ie.