Published on 5/7/2019 in the Prospect News Emerging Markets Daily.
New Issue: Slovenia’s NLB issues €45 million 4.2% 10-year tier 2 notes at 99.1
By Marisa Wong
Morgantown, W.Va., May 7 – NLB dd, Ljubljana issued €45 million of 10-year subordinated tier 2 notes on Monday at 99.1 with an initial coupon of 4.2%.
The notes are non-callable for the first five years. After that, the interest rate will reset to a fixed rate equal to the then applicable reference rate plus a fixed margin. The margin has been set at 415.9 basis points, according to a company announcement on Tuesday.
The bank is based in Ljubljana, Slovenia.
| Issuer: | NLB dd, Ljubljana
|
| Issue: | Subordinated tier 2 notes
|
| Amount: | €45 million
|
| Maturity: | 10 years
|
| Coupon: | 4.2% for first five years; after that, applicable reference rate plus 415.9 bps
|
| Price: | 99.1
|
| Call option: | Non-callable for first five years
|
| Settlement date: | May 6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
