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Nova Ljubljanska banka d.d. Notes – NOVALJ 6 7/8 01/24/34
| Issuer | Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana | |
|---|---|---|
| Type | Subordinated, EUR-denominated, issued in global note form | |
| Status and subordination | The Notes constitute direct, unsecured and subordinated obligations of the Issuer and are intended to qualify as Tier 2 instruments of the Issuer pursuant to Article 63 of the CRR II Regulation | |
| Ticker | NOVALJ 6 7/8 01/24/34 | |
| ISIN code | XS2750306511 | |
| Notes Rating | BB (S&P) | |
| Aggregate nominal amount of the issue (principal) | EUR 300,000,000.00 | |
| Nominal amount of each Note | EUR 100,000.00 | |
| Interest commencement date | 24 January 2024 | |
| Maturity | 24 January 2034 | |
| Interest Rate | Interest rate means annual interest rate, which amounts to: (i) 6.875% up to but excluding 24 January 2029; (ii) from and including 24 January 2029, the sum of Reference Rate, applicable on Reset Determination Date, and Margin | |
| Reference Rate | Mid-swap rate for swap transactions in euro with a maturity of 5 years | |
| Reset Date | 24 January 2029 | |
| Reset Determination Date | Means the second TARGET Business Day prior to Reset Date | |
| Margin | 4.230% | |
| 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 | 24 January 2024 | |
| Interest Calculation | Actual/actual, rounding to the nearest full cent with EUR 0.005 being rounded upwards. | |
| Interest Period | Means the period from and including the Interest commencement 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 | 24 January each year, starting on 24 January 2025 | |
| Type of redemption | At maturity, at redemption price equal to 100% of principal plus accrued interest | |
| Possibility of early redemption | The principal of the Notes cannot be prepaid upon demand of a noteholder. The Issuer may redeem the Notes before maturity (in whole, but not in part, at their principal amount together with accrued and unpaid interest thereon to but excluding the date specified for the redemption at any time on the date of early redemption specified in the notice, provided that the conditions to early redemption and repurchase set forth in conditions of the Notes are met): (a) if, by 30 June 2024, the Issuer fails to obtain the permission of the competent authority to include the Notes in whole in the calculation of its Tier 2 capital; and (b) if conditions for redemption (which include approval of the competent authority) are met: (i) on 24 January 2029; (ii) at any time, if any of the following occurs or is expected to occur (x) a change in the regulatory classification of the Notes; and/or (y) a change in the applicable tax treatment of the Notes. | |
| Listed on stock exchange | Luxembourg Stock Exchange, Regulated Market | |
| Listed from | 24 January 2024 | |
"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".
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Final Terms of the Notes
Amortization plan for one Note (in EUR)
Calculation is informative.
| Date of maturity of obligation | Principal | Interest | Total |
|---|---|---|---|
| 24.1.2024 | - | - | - |
| 24.1.2025 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2026 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2027 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2028 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2029 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2030 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2031 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2032 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2033 | 0.00 | 6,875.00 | 6,875.00 |
| 24.1.2034 | 100,000.00 | 6,875.00 | 106,875.00 |
