REG - Nova Ljubljanska - Issuance of subordinated notes

Nova Ljubljanska Banka dd LjubljanaAnnouncement

20/09/2022 16:30

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RNS Number : 0245A  Nova Ljubljanska Banka d.d.  20 September 2022

 

 

NLB d.d.

Issuance of subordinated notes

 

Pursuant to the Rules of the Ljubljana Stock Exchange relating to point 1
paragraph 1 of Article 130 of the Market Financial Instruments Act NLB d.d.,
Trg republike 2, 1000 Ljubljana, announces:

the intended issuance of subordinated notes intended to qualify as Additional
Tier 1 Instruments (hereinafter: the notes). On 20 September 2022, the company
concluded note purchase agreements in the aggregate nominal amount of the
notes of EUR 82 million. The notes are expected to be issued on 23 September
2022. The notes have no scheduled maturity date. The issuer will have the
option for redemption of the notes between 23 September 2027 and 23 March 2028
and on each distribution payment date thereafter. Until 23 March 2028 the
interest on the principal of the notes will accrue at the interest rate of
9.721% per annum, and for each subsequent 5-year period, accrue at the
applicable interest rate, which shall be reset prior to the commencement of
each such period. The issue price will be equal to 100% of the nominal amount
of the notes. The ISIN code of the notes will be SI0022104275.

This announcement will be available on the company's website (www.nlb.si) as
of 20 September 2022.

 

 

Investor relations

NLB d.d.

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