LJUBLJANA (Slovenia), January 30 (SeeNews) – Slovenia's Nova Ljubljanska Banka [LJSE:NLBR] said it plans to issue 120 million euro ($132.1 million) of Tier 2 subordinated notes on February 5.
“The interest on the principal of the subordinated notes will accrue at the interest rate of 3.40% per annum and the issue price will be equal to 100% of their nominal amount,” Nova Ljubljanska Banka (NLB) said in a filing with the Ljubljana Stock Exchange (LJSE) late on Wednesday.
NLB said that the collection of orders for initial sale of its subordinated notes, which have been offered to eligible counterparties and professional clients outside the U.S., has been concluded successfully.
"The investor base is diverse, coming from high quality international as well as regional accounts," NLB noted.
NLB shares closed at 63.6 euro on Wednesday, up 0.32%.
In November 2018, the Slovenian government sold 59.1% of NLB's issued share capital in an IPO on the LJSE, while in June 2019, Slovenia’s sovereign holding company successfully concluded NLB's privatisation by completing the placement to institutional investors. The sale left the government with 25% plus one share in NLB.
($ = 0.9084 euro)
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