Slovenian NLB will issue subordinated debt securities on November 28
LJUBLJANA (Slovenia), November 21 (SeeNews) – Slovenska Nova Ljubljanska Banka [LJSE:NLBR] (NLB) plans to issue 225 million euros ($230 million) of 10-year Tier 2 subordinated debt securities on Nov. 28, it said on Monday.
The annual interest on the principal amount of the notes will amount to 10.75 percent, and the issue value will be equal to 99.076 percent of their nominal amount, NLB wrote in a filing with the Ljubljana Stock Exchange.
The maturity date of the debt securities will be November 28, 2032, and the issuer will have the option of early redemption on November 28, 2027, NLB wrote.
The lender decided to issue the securities based on orders received from eligible counterparties and professional clients outside the United States, the lender added.
Earlier this month, NLB said it had appointed JP Morgan as joint lead manager to organize a series of fixed-income meetings ahead of the potential issuance of the debt securities, which are callable after five years subject to market conditions.
ING and UniCredit will act as senior co-lead managers of the issue, and the securities will be offered to eligible counterparties and professional clients outside the US, NLB said.
($ = 0.97643 euros)
Nova Ljubljanska Banka dd is one of the largest banks in SE, for more information see Top 100 Banks