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Slovenia to Spend EU700 Million on Interest, Premier Says

Slovenia will spend 700 million euros ($920 million) to pay interest on government debt this year, Prime Minister Janez Jansa said in an interview with TV Slovenija.

“We will borrow up to 1.5 billion euros this year and about 700 million euros will go for interest payments only,” Jansa told the public broadcaster today.

Slovenia hired BNP Paribas SA, HSBC Holdings Plc, JPMorgan Chase & Co., Societe Generale SA and UniCredit SpA to organize presentations with investors in Europe starting on March 26, the Finance Ministry has said. The euro member is seeking to raise 1.5 billion euros and hasn’t “decided on the exact date for the bond sale,” Finance Minister Janez Sustersic said on April 6.

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