NLB Plans €400M Subordinated Debt Issue for Tier 2 Capital

Nova Ljubljanska Banka is planning a €400 million subordinated debt issue to bolster its Tier 2 capital, offering a 5.232% annual interest rate through its early redemption date in 2031, according to an Investing.com report.

Issuance Schedule and Key Dates

The notes are scheduled to be issued on October 20, 2026, carrying a final maturity date of October 20, 2036. The agreement includes an early redemption option exercisable by the bank on October 20, 2031.

From the settlement date until the 2031 early redemption date, the notes will pay an annual interest rate of 5.232%. Following the 2031 call date, if the bank chooses not to redeem the notes, the interest rate will reset to a variable rate calculated using a benchmark plus a margin of 1.75%.

Pricing and Placement Terms

The issue price is established at 100% of the nominal amount, meaning the notes are offered at par. Orders for the notes are being received exclusively from eligible counterparties and professional clients operating outside the United States under ISIN code XS3535896016.