Slovenia’s NLB bank receives ECB approval for early bond redemptions

By bne IntelliNews September 22, 2024

Slovenia’s largest bank, NLB, announced on September 20 that it has received clearance from the European Central Bank (ECB) for the early redemption of two subordinated bonds, originally set to mature in 2029 and 2030.

NLB confirmed that, with ECB approval, it will redeem its 10-year subordinated notes, with an aggregate nominal amount of €9.9mn. The bonds were issued on November 19, 2019, with a final maturity date of November 19, 2029.

These notes will be redeemed along with accrued and unpaid interest. The bank plans to execute the redemption on November 19, 2024.

In addition, NLB received approval for the early repayment of subordinated bonds issued on February 5, 2020, which were originally due to mature on February 5, 2030.

The total nominal value of the redeemed bonds will amount to €10.05mn, with early repayment to be made on the fifth anniversary of the issuance in 2025.

Related Articles

EBRD invests €5mn in Sava Re's landmark bond issuance

The European Bank for Reconstruction and Development (EBRD) announced on October 2 a €5mn investment in the debut debt capital market issuance of Slovenian reinsurance company, Pozavarovalnica Sava ... more

Slovenian banks NLB and Addiko extend initiative for converting Swiss franc loans to euros

Slovenian banks NLB and Addiko have introduced a special initiative aimed at supporting socially vulnerable borrowers with loans denominated in Swiss francs. Announced by the Association of Banks ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Dismiss