NLB successfully completed the issuance of subordinated Tier 2 notes
6 May 2019
Today, on 6 May 2019, NLB successfully completed the issuance of 10NC5 subordinated Tier 2 notes in the aggregate nominal amount of EUR 45 million. By doing so, the bank will optimise its capital structure while at the same time meet the commitments of the Republic of Slovenia given to the European Commission in the state aid proceeding of the Bank.
The fixed coupon interest rate during the first five years will be 4.2% p.a. Thereafter, the fixed coupon interest rate shall be determined based on the sum of the then applicable reference interest rate and the fixed margin as defined at the issuance of the notes.
The offering of subordinated notes was focused on the Slovene market, but international investors from both the South-eastern Europe and elsewhere also participated. In accordance with the commitments given to the European Commission, the investors are not connected to the state. Investor structure is dispersed.
It is expected that the notes with the ticker NLB27 and ISIN code SI0022103855 will be admitted to trading on the regulated market of the Ljubljana Stock Exchange on 8 May.