The Slovenia Times

NLB completes EUR 120m bond issue


With a maturity date on 5 February 2030, the bonds are callable after five years. The bonds have an annual yield of 3.40%, and have been given a BB credit rating by the rating agency S&P.

The issue attracted significant demand, with the book of orders exceeding EUR 300 million, the bank said in a press release.

The investors' base is diverse and includes international and regional investors, mostly from the UK, the Czech Republic, Slovenia, France, the rest of Europe and Asia.

The biggest interest was among international fund managers, international financial institutions, pension funds, insurance companies and banks.

"The success of the issue is testified by the considerable demand as well as a substantial decrease in the spread compared to the previous issue, which undoubtedly reflects great trust in the future business potential of NLB," bank board member Archibald Kremser was quoted as saying.

NLB completed the first international bond issue following the completion of its privatisation in November 2019, issuing EUR 120 million subordinated bonds with a 10-year maturity.

The annual yield at the time was 3.65%.

The financing raised then and this time will be used by the bank to increase Tier 2 capital.

The bonds were listed on Euro MTF on the Luxembourg stock market.


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