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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.
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.
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.
These are latest news
Following the Austrian Takeover Commission's ("ATC") approvement of the amendments to NLB’s Offer – the lowering of the acceptance threshold to 50% plus one share (corresponding to 9,750,001 Addiko shares) and the extension of the acceptance period t...
Nova Ljubljanska banka d.d., Ljubljana ("NLB") has improved its all-cash voluntary public takeover offer aimed at acquiring control of Addiko Bank AG and has published the amended Offer Memorandum, which is available on NLB Group's website. Sharehold...
NLB welcomes the announcement by Brandes Investment Partners, one of Addiko Bank’s strategic shareholders, that it intends to tender the Addiko Bank AG shares into NLB Group’s offer. This announcement clearly demonstrates that the takeover process re...
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