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About the Group
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About the Group
MANAGEMENT
OUR MARKETS
COMPLIANCE AND INTEGRITY
Investor Relations
DEBT INVESTORS
FINANCIAL PERFORMANCE
EVENTS AND CALENDAR
Sustainability
OUR COMMITMENTS
OUR ACHIEVEMENTS
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About the Group
MANAGEMENT
OUR MARKETS
COMPLIANCE AND INTEGRITY
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FINANCIAL PERFORMANCE
EVENTS AND CALENDAR
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OUR COMMITMENTS
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CAREER IN NLB GROUP
Nova Ljubljanska banka d.d. Notes – NLB28
| Issuer | Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana | |
|---|---|---|
| Type | EUR-denominated notes, issued in dematerialized form | |
| Status and subordination | The Notes constitute direct, unsecured and subordinated obligations of the Issuer and shall qualify as Additional Tier 1 (AT 1) Instruments | |
| Ticker | NLB28 | |
| ISIN code | SI0022104275 | |
| Notes Rating | B+ (S&P) | |
| Aggregate nominal amount of the issue (principal) | EUR 82,000,000.00 | |
| Nominal amount of each Note | EUR 200,000.00 | |
| Maturity | Notes are perpetual and have no scheduled maturity date; Issuer has the possibility for early redemption of the Notes in the period between 5 and 5.5 years from the Issue date | |
| Distribution Rate | (a) for the period till 23 March 2028 (however excluding 23 March 2028), 9.721% p.a.; (b) for each subsequent 5-year period commencing on a Reset Date the sum of Reference Rate, applicable on the applicable Determination Date, and margin of 7.20%. | |
| Reference Rate | Mid-swap rate for swap transactions in euro with a maturity of 5 years | |
| Reset Date | 23 March 2028, and each fifth anniversary thereof | |
| Reset Determination Date | the second Business Day prior to the relevant Reset Date | |
| Issue date | 23 September 2022 | |
| Distribution Calculation | Actual/actual; rounding to the nearest cent | |
| Payment of Distributions | Annually in arrears on each Distribution Payment Date | |
| Distributions Payment Date | 23 September each year, starting on 23 September 2023 | |
| Cancellation of distributions | NLB may, at its full discretion, at any time cancel, in whole or in part, any payment of distributions for an unlimited period and on a non-cumulative basis | |
| Redemption of the Notes | The noteholders do not have a right to demand the redemption of the Notes. The Issuer may redeem the Notes in whole, but not in part, if the conditions for redemption (which include approval of the competent authority) in the following cases: on each Business Day from and including 23 September 2027 to, and including the first Reset Date, and on each subsequent Distribution Payment Date; at any time, if any of the following occurs or is expected to occur: a change in tax treatment of the Notes; a change in regulatory classification of the Notes, excluding them in full or in part from own funds or reclassifying them as lower quality form of own funds, if, by 23 March 2023 the Issuer fails to obtain the permission of the Competent Authority pursuant to Article 149(2) of the Slovenian Banking Act to include the Notes in whole in the calculation of its Additional Tier 1 capital. | |
| Write-Down | If it has been determined that: (i) the Group CET 1 Capital Ratio is lower than 5.125% and/or (ii) the Issuer CET 1 Capital Ratio is lower than 5.125% (the Trigger Event), NLB shall reduce the principal of the Notes for such amount as may be necessary to remedy the Trigger Event. | |
| Write-Up | After a Write-Down NLB may, at its sole discretion and subject to the conditions set out in the terms and conditions of the Notes, effect a reversal of a write-down by writing up the current principal amount of notes in whole or in part up to a maximum of the original principal amount. | |
| Clearing | KDD – Centralna klirinško depotna družba and Clearstream, Luxembourg | |
| Listed on stock exchange | Luxembourg Stock Exchange, Euro MTF market | |
| Listed from | 23 September 2022 | |
"IMPORTANT NOTICE"
The above description of the main characteristics of the notes is not legally binding, a detailed description of the rights and obligations arising from the notes are described in Offering Circular in the section "Terms and conditions of the notes".
pdf
1 MB
Offering Circular
Amortization plan for one Note (in EUR)
Calculation is informative and prepared for the first five years from the issuance of the notes.
* In case of a call on 23 September 2027. If the call is not exercised on that day, the Principle would be 0 and Interest would amount to 19,442.00.
| Date of maturity of obligation | Principal | Interest | Total |
|---|---|---|---|
| 23 September 2022 | - | - | - |
| 23 September 2023 | 0.00 | 19,442.00 | 19,442.00 |
| 23 September 2024 | 0.00 | 19,442.00 | 19,442.00 |
| 23 September 2025 | 0.00 | 19,442.00 | 19,442.00 |
| 23 September 2026 | 0.00 | 19,442.00 | 19,442.00 |
| 23 September 2027 | 200,000.00** | 19,442.00 | 219,442.00 |
