New Issue: Slovenia’s NLB issues €300 million 6% senior preferred notes due 2025

Chicago, Aug. 9 – NLB dd, Ljubljana issued €300 million of 6% senior preferred notes due 2025 (BBB), according to a prospectus.

The starting 6% interest rate resets to one-year mid-swaps plus 483.5 basis points for the final year before maturity.

The notes can be called early on July 19, 2024, the reset date.

The notes priced at par.

The joint lead managers are BofA Securities, Citigroup, Erste Group Bank AG and Nova Ljubljanska banka dd, Ljubljana.

Proceeds will be used for general corporate purposes and fulfilling MREL requirements.

The bank is based in Ljubljana, Slovenia.

Issuer:	NLB dd, Ljubljana
Amount:	€300 million
Issue:	Senior preferred notes
Maturity:	July 19, 2025
Bookrunners:	BofA Securities, Citigroup, Erste Group Bank AG and Nova Ljubljanska banka dd, Ljubljana
Trustee:	Citibank, NA as principal paying agent
Counsel to issuer:	Clifford Chance, Odvetniki Vidmar Zemlajaric
Counsel to underwriters:	Linklaters LLP, Wolf Theiss
Coupon:	6% initial rate; resets to mid-swaps plus 483.5 bps for final year
Price:	Par
Yield:	6%
Call features:	At par on July 19, 2024
Puts:	No
Trade date:	July 15
Settlement date:	July 19
Rating:	S&P: BBB
Distribution:	Regulation S
ISIN:	XS2498964209

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