Skip to content

NLB successfully issued subordinated Tier 2 notes

After its successful comeback to the international debt capital markets last November, NLB d.d. is active on this market once again. Today, on 5 February 2020, it has namely successfully completed the issuance of subordinated Tier 2 notes to be included in additional capital in the aggregate nominal amount of EUR 120 million.

alt text

The final maturity of subordinated notes is 5 February 2030, with a call option on 5 February 2025. The transaction which was led by UBS Europe SE and NLB, will allow NLB to further strengthen and optimise its capital structure. 

Investor demand lead to substantial oversubscription of the order book at roughly 2,5 times offer size (in excess of 300mln). The investor base is dispersed and includes international as well as regional investors, mainly from the United Kingdom, Czech Republic, Slovenia, France, the rest of Europe and Asia. Majority of demand was sourced from large international fund managers, International Financial Institutions, pension funds, insurance companies and banks.   

“Success of the transaction is attested by robust investor demand and visible tightening of spreads compared to the previous transaction. This is a sign of considerable trust in future potential of NLB operations,” said Archibald Kremser, CFO.

The notes with a yield of 3.40% p.a. and BB rating by the S&P rating agency, were on the issuance date admitted to trading on the Euro MTF Market operated by the Luxembourg Stock Exchange.

Latest news

These are latest news

Sound Start to 2025: NLB Group Reaches EUR 125.8 Million Net Profit in Q1
08.05.2025

Sound Start to 2025: NLB Group Reaches EUR 125.8 Million Net Profit in Q1

The first three months of 2025, the global economy experienced several significant developments with a major focus on the enactment of the new U.S. tariffs. During this period that challenged the resilience of businesses, NLB Group delivered a solid ...

Read more
NLB General Meeting Expected to Confirm a 17% Increase in Dividend Payout
25.04.2025

NLB General Meeting Expected to Confirm a 17% Increase in Dividend Payout

NLB announces the convocation of the 44th General Meeting of shareholders of NLB d.d., which will be held on Monday, 16 June this year, starting at 11 a.m. At the upcoming General Meeting shareholders will, among other things, acknowledge the NLB Gro...

Read more
NLB Group: Here We Are a Part of Something Bigger
10.04.2025

NLB Group: Here We Are a Part of Something Bigger

By now, you know us well. You know that our deepest commitment extends to continuously providing our customers with meaningful services, maintaining stability, and fostering growth in the markets of our operations, as well as driving shareholder valu...

Read more

Seznam za primerjavo je prazen

Na primerjalnem seznamu ni shranjenih izračunov. Za primerjavo morate dodati nekaj izračunov.