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Nova Ljubljanska banka d.d., Ljubljana - Tender Offer - Results

Nova Ljubljanska banka d.d., Ljubljana announces the results of its Tender Offers in respect of its EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2029 (ISIN: XS2080776607) and EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2030 (ISIN: XS2113139195)

24 JANUARY 2024


Full announcement including disclaimers and offer restrictions available via Luxse


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"The New Financing Condition has been met on 24 January 2024.


The Company has accepted all valid tenders of Notes in the aggregate principal amount set out in the table below:


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Nova Ljubljanska banka d.d., Ljubljana announces Tender Offers in respect of its EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2029 (ISIN: XS2080776607) and EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2030 (ISIN: XS2113139195) and proposed issue of new euro-denominated callable subordinated Tier 2 notes.

15 JANUARY 2024


Full announcement including disclaimers and offer restrictions available via Luxse


15 January 2024. Nova Ljubljanska banka d.d., Ljubljana (the "Company") announces today an invitation to eligible holders of its outstanding EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2029 (ISIN: XS2080776607) (the "2029 Notes") and EUR 120,000,000 Callable Subordinated Tier 2 Notes due 2030 (ISIN: XS2113139195) (the "2030 Notes" together with the 2029 Notes, the "Notes" and each a "Series") to tender any and all such Notes for purchase by the Company for cash, subject to the satisfaction or waiver of the New Financing Condition (as defined below), the other conditions described in the Tender Offer Memorandum (the "Offers" and each such invitation an "Offer").

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"Summary of the Offers




Rationale for the Offers


The purpose of the Offers and the planned issuance of new euro-denominated callable subordinated Tier 2 notes (the "New Notes") is, among other things, to proactively manage the Company's Tier 2 capital and to improve its MREL capacity. The Offers also provide Noteholders with an opportunity to sell their current holdings in the Notes and to apply for priority in the allocation of the New Notes.


Notes purchased by the Company pursuant to the Offers are expected to be cancelled and will not be re-issued or re-sold."


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