Issuer | Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana |
Type | EUR-denominated notes, issued in new global note form |
Status and subordination | The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to count towards the minimum requirement for own funds and eligible liabilities (MREL). |
Ticker | NOVALJ 6 07/19/25 |
ISIN code | XS2498964209 |
Notes Rating | BBB (S&P) |
Aggregate nominal amount of the issue (principal) | EUR 300,000,000.00 |
Nominal amount of each Note | EUR 100,000.00 |
Maturity | 19 July 2025 |
Interest Rate | (i) for the period from the Issue Date to but excluding the First Call Date, 6.000% p.a.; (ii) for the period from and including the First Call Date to but excluding the Maturity Date, the sum of the Reference Rate, determined on the Reset Determination Date, and a margin of 4.835% p.a. |
Reference Rate | Mid-swap rate for swap transactions in euro with a maturity of 1 year |
First Call Date | 19 July 2024 |
Reset Determination Date | Means the day which is two TARGET Business Days prior to First Call Date |
TARGET Business Day | Means a day on which TARGET is open |
Issue date | 19 July 2022 |
Interest Calculation | Actual/actual, rounding to the nearest full cent with EUR 0.005 being rounded upwards. |
Interest Period | Means the period from and including the Issue 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 July each year, starting on 19 July 2023 |
Possibility of early redemption | The noteholders do not have a right to demand the early redemption of the Notes.
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 of redemption:
provided that the conditions to early redemption and repurchase set forth in conditions of the Notes are met and the Issuer obtains prior permission of the Single Resolution Board for the redemption of the Notes. Such permission may only be given, if: (a) the Issuer (before or at the same time as any early redemption or repurchase) replaces the Notes with own funds instruments or eligible liabilities of equal or higher quality at terms that are sustainable for the income capacity of the Issuer; or (b) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the own funds and eligible liabilities of the Issuer would, following any early redemption or repurchase, exceed the requirements for own funds and eligible liabilities provided in the CRR and in Directives 2013/36/EU and 2014/59/EU by a margin that the Resolution Authority, in agreement with the competent supervisory authority, considers necessary; or (c) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the partial or full replacement of the eligible liabilities with own funds instruments is necessary to ensure compliance with the own funds requirements laid down in the CRR and in Directive 2013/36/EU for continuing authorisation. |
Listed on stock exchange | Luxembourg Stock Exchange, Euro MTF market |
Listed from | 19 July 2022 |
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 |
19.7.2022 | - | - | - |
19.7.2023 | 0.00 | 6,000.00 | 6,000.00 |
19.7.2024 | 0.00 | 6,000.00 | 6,000.00 |
19.7.2025 | 100,000.00 | 6,000.00 | 106,000.00 |
* Calculation is informative.
30.9.2023
NLB Group: 132.6 EUR
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