The Slovenia Times

Bad Bank Bonds to Start Trading Friday


Two bond issues are being listed, a EUR 505m two-year bond issue with a coupon rate of 3.75% and a three-year bond issue in the same amount with a coupon rate of 4.5%.

The three-year bonds fall due on 15 December 2016 and the two-year bonds on 15 December 2015. They will be delisted a week before the redemption date.

BAMC today also published the offering circular on the web site of the Ljubljana Stock Exchange.

NLB and NKBM, Slovenia's largest two banks, will get the bonds in exchange for bad loans.

The two banks completed the legal and accounting transfer of the first batch of non-performing claims worth EUR 3.2bn at the transaction value of EUR 1.01bn on Friday.

The assets are expected to be actually transferred to the band bank in the coming days. Four smaller transfers are to follow until April in four more batches.


More from Nekategorizirano