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Nova Ljubljanska banka d.d. Notes – NOVALJ 3 1/2 01/21/29
| Issuer | Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana | |
|---|---|---|
| Type | EUR-denominated notes, issued in new global note form | |
| Status and subordination | The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to count towards the minimum requirement for own funds and eligible liabilities (MREL). | |
| Ticker | NOVALJ 3 1/2 01/21/29 | |
| ISIN code | XS2972971399 | |
| Notes Rating | Baa1 (Positive) (Moody's) | |
| Aggregate nominal amount of the issue (principal) | EUR 500,000,000.00 | |
| Nominal amount of each Note | EUR 100,000.00 | |
| Maturity | 21 January 2029 | |
| Interest Rate | (i) for the period from the Issue Date to but excluding the Optional Redemption Date, 3.500 % p.a.; (ii) for the period from and including the Optional Redemption Date to but excluding the Maturity Date, the sum of the Reference Rate, determined on the Reset Determination Date, and a margin of 1.150% p.a. | |
| Reference Rate | Mid-swap rate for swap transactions in euro with a maturity of 1 year | |
| Optional Redemption Date and Reset Date | 21 January 2028 | |
| Reset Determination Date | Second TARGET Business Day prior to the relevant Reset Date | |
| TARGET Business Day | Means a day on which the real time gross settlement system operated by the Eurosystem (T2) is open for the settlement of payments in Euro | |
| Issue date | 21 January 2025 | |
| Interest Calculation | Actual/actual, rounding to the nearest full cent with EUR 0.005 being rounded upwards | |
| Interest Period | The period from and including the Issue Date to but excluding the first Interest Payment Date and each successive period from and including an Interest Payment Date to but excluding the next succeeding Interest Payment Date | |
| Interest Payment Date | 21 January in each year, commencing on 21 January 2026 | |
| Possibility of early redemption | The Noteholders have no right to demand early redemption. The Issuer may redeem the Notes prior to maturity only in full at their principal amount together with accrued and unpaid interest to (but excluding) the date of redemption: a) on 21 January 2028 (on the Optional Redemption Date); b) at any time in case of a change in: (i) the tax treatment of the Notes (Tax Event); (ii) the regulatory classification of the Notes (MREL Disqualification Event); subject to the conditions for early redemption and repurchase set out in the Terms and Conditions of the Notes and subject to the Issuer obtaining permission from the Resolution Authority (or any other relevant supervisory authority) for the early redemption of the Notes, which may, among other things, require that: (a) before or at the same time as the early redemption or repurchase, the Issuer replaces the Notes with own funds instruments or eligible liabilities instruments of equal or higher quality at terms that are sustainable for the income capacity of the Issuer; or (b) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the own funds and eligible liabilities of the Issuer would, following any early redemption or repurchase, exceed the requirements for own funds and eligible liabilities provided in the CRR, the CRD IV and the BRRD by a margin that the Resolution Authority, in agreement with the competent supervisory authority, considers necessary; or (c) the Issuer has demonstrated to the satisfaction of the Resolution Authority that the partial or full replacement of the eligible liabilities with own funds instruments is necessary to ensure compliance with the own funds requirements laid down in the CRR and in the CRD IV for continuing authorisation. | |
| Listed on stock exchange | Luxembourg Stock Exchange, Regulated Market | |
| Listed from | 21 January 2025 | |
"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 the Base Prospectus dated 17 May 2024, as supplemented by the Supplement dated 10 January 2025, and the Final Terms of the Notes.
pdf
2 MB
EMTN Prospectus (17 May 2024)
pdf
391 KB
Supplement to Base Prospectus (10 January 2025)
pdf
255 KB
Final Terms of the Notes
Amortization plan for one Note (in EUR)
Calculation is informative.
| Date of maturity of obligation | Principal | Interest | Total |
|---|---|---|---|
| 21.1.2025 | - | - | - |
| 21.1.2026 | 0.00 | 3,500.00 | 3,500.00 |
| 21.1.2027 | 0.00 | 3,500.00 | 3,500.00 |
| 21.1.2028 | 0.00 | 3,500.00 | 3,500.00 |
| 21.1.2029 | 100,000.00 | 3,500.00 | 103,500.00 |
