Nova Ljubljanska Banka D.d.LJSE: NLBR

Issuance of subordinated Tier 2 notes

· Issued by Nova Ljubljanska Banka D.d.

Summary by 6ix

NLB d.d., Ljubljana has decided to issue subordinated notes intended to count as Tier 2 capital (a layer of regulatory bank capital) in the aggregate nominal amount of EUR 400 million, based on orders from eligible counterparties and professional clients outside the United States of America.

Key details

  • The notes will pay interest of 5.232% per annum until October 20, 2031, and after that the applicable reset rate plus a margin of 1.75%.
  • The notes mature on October 20, 2036, and NLB d.d. will have the option to redeem them early on October 20, 2031.
  • The issue price will be 100% of the nominal amount, and the ISIN code (the securities identification number) will be XS3535896016.
  • Subordinated notes rank behind the bank's other, senior debts if it cannot repay.

What’s still pending

  • The notes are expected to be issued on October 20, 2026.

6ix wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/nova-ljubljanska-banka-d-d-issuance-of-subordinated-tier-2-notes

INI-451/26

NLB, d. d., Ljubljana

Issuance of subordinated Tier 2 notes

Pursuant to the Rules of the Ljubljana Stock Exchange and Article 158 of the Market in Financial Instruments Act, relating to the Article 17 of the Regulation (EU) No 596/2014, NLB d.d., Trg republike 2, 1000 Ljubljana announces:

NLB d.d., Ljubljana (hereinafter also: the company) announced on 12 October 2026 that it is planning to issue subordinated notes intended for inclusion into Tier 2 capital (hereinafter: the notes). On the basis of orders received from eligible counterparties and professional clients outside the United States of America the company has decided to issue the notes in the aggregate nominal amount of EUR 400 million. The notes are expected to be issued on 20 October 2026, their maturity date will be 20 October 2036, and the issuer will have the option for early redemption on 20 October 2031. Until 20 October 2031, the interest on the principal of the notes will accrue at the interest rate of 5.232% per annum, and thereafter at the applicable reset rate, increased by a margin of 1.75%. The issue price will be equal to 100% of their nominal amount. The ISIN code of the notes will be XS3535896016.

This announcement will be available on the company's website (www.nlbgroup.com) as of 12 October 2026.

Investor Relations,
NLB d.d., Ljubljana
Date: 12.10.2026

Company analysis

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