Nova Ljubljanska banka d.d. Notes – NOVALJ 3.65 11/19/29

Issuer

Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana

Type

Subordinated, EUR-denominated, issued in global note form

Status and subordination

The Notes shall constitute direct, unsecured and subordinated obligations of the Issuer and shall qualify as Tier 2 instruments of the Issuer pursuant to Article 63 of the CRR II Regulation

Ticker

NOVALJ 3.65 11/19/29

ISIN code

XS2080776607

Notes Rating

BB (S&P)

Aggregate nominal value of the issue (principal)

EUR 120,000,000.00

Nominal value of each Note

EUR 100,000.00

Interest commencement date

19 November 2019

Maturity

19 November 2029

Interest Rate

Interest rate means annual interest rate, which amounts to:

(i) 3.65% up to but excluding 19 November 2024;

(ii) from and including 19 November 2024, the sum of Reference Rate, applicable on Reset Interest Date, and Margin

Reference Rate

Mid-swap rate for swap transactions in euro with a maturity of 5 years

Reset Date

19 November 2024

Reset Interest Date

Means the day which is two TARGET Business Days prior to Reset Date

Margin

3.833%

TARGET Business Day

Means any day which is a day on which TARGET2 payment system is operating

Issue date

19 November 2019

Interest Calculation

If the amount of interest scheduled to be paid under the notes is required to be calculated for any period of time: (i) such amount of interest for any Interest Period ending on or prior to the Reset Date shall be calculated by the calculation agent by applying the 3.65% to the principal amount of the Notes; and (ii) such amount of interest for any Interest Period commencing on or after the Reset Date shall be calculated by the calculation agent by applying the applicable Interest Rate to the principal amount of the Notes, in each case multiplying such amount by the applicable day count fraction (act/act), and rounding the resultant figure to the nearest full cent with EUR 0.005 being rounded upwards.

Interest Period

Means the period from and including the Interest commencement date to but excluding the first interest payment date and each successive period from and including an interest payment date to but excluding the next succeeding interest payment date.

Interest Payment Date

19 November each year, starting on 19 November 2020

Type of redemption

At maturity, at redemption price equal to 100% of principal plus accrued interest

Possibility of early redemption

The principal of the Notes cannot be prepaid upon demand of a noteholder.

The Issuer may redeem the Notes before maturity (in whole, but not in part, at their principal amount together with accrued and unpaid interest thereon to but excluding the date specified for the redemption at any time on the date of early redemption specified in the notice, provided that the conditions to early redemption and repurchase set forth in conditions of the Notes are met):

(a) if, by 15 March 2020, the Issuer does not obtain the permission of the competent authority to include the Notes in whole in the calculation of its Tier 2 capital pursuant to Article 71 of the CRR II; and

(b) subject to the prior consent of the competent authority: (i) on the fifth anniversary of the issue date of the Notes; (ii) if there is a change in the regulatory classification of the Notes; and/or (iii) if there is a change in the applicable tax treatment of the Notes.

Listed on stock exchange

Luxembourg Stock Exchange, Euro MTF market

Listed from

19 November 2019

Offering Circular

Offering Circular

"IMPORTANT NOTICE"

The above description of the main characteristics of the notes is not legally binding, a detailed description of the rights and obligations arising from the notes are described in Offering Circular in the section "Terms and conditions of the notes".

Amortization plan for one Note (in EUR)* 

Date of maturity of obligation

Principal

Interest

Total

19.11.2019

-

-

-

19.11.2020

0.00

3,650.00

3,650.00

19.11.2021

0.00

3,650.00

3,650.00

19.11.2022

0.00

3,650.00

3,650.00

19.11.2023

0.00

3,650.00

3,650.00

19.11.2024

0.00

3,650.00

3,650.00

19.11.2025

0.00

3,650.00

3,650.00

19.11.2026

0.00

3,650.00

3,650.00

19.11.2027

0.00

3,650.00

3,650.00

19.11.2028

0.00

3,650.00

3,650.00

19.11.2029

100,000.00

3,650.00

103,650.00

* Calculation is informative.

BOOK VALUE PER SHARE

30.6. 2021

NLB Group: 104.6 EUR

CONTACT

Valerija Pešec
Head of Investor Relations
T: + 386 1 476 9122
E: valerija.pesec@nlb.si

Investor Relations         
E: IR@nlb.si

Peter Jenčič
Investor Relations
T: +386 1 476 2620
E: peter.jencic@nlb.si

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