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Prospect News home > News index > List of issuers Tenders > Headlines for 2024 > News item
Published on 1/16/2024 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Nova Ljubljanska launches tender offers for notes due 2029, 2030

By Mary Katherine Stinson

Lexington, Ky., Jan. 16 – Slovenia’s Nova Ljubljanska Banca, dd began cash tender offers on Jan. 15 for two series of subordinated notes, according to a notice.

The company is offering to purchase any and all of its outstanding €120 million of 3.65% notes due 2029 with a reset and par call date on Nov. 19, 2024 (ISIN: XS2080776607) and €120 million of 3.4% notes due 2030 with a reset and par call date on Feb. 5, 2025 (ISIN: XS2113139195).

The purchase price is 98.5 for the 2029 notes and 98 for the 2030 notes. The issuer will also pay accrued interest.

The offers will expire at 11 a.m. ET on Jan. 23.

Results will be announced on Jan. 24.

Settlement will occur on Jan. 26.

The tender offers are subject to a new financing condition.

The bank separately announced plans to issue tier 2 subordinated notes with a 10-year tenor. Holders who participate in the tender offers and wish to subscribe for the new notes may be given priority in the allocation of the new notes.

BNP Paribas (+33 1 55 77 78 94; liability.management@bnpparibas.com), BofA Securities Europe SA (+33 1 877 01057; DG.LM-EMEA@bofa.com), Morgan Stanley Europe SE (+44 20 7677 5040; liabilitymanagementeurope@morganstanley.com), Nova Ljubljanska banka dd, Ljubljana (+386 1 476 3831; attn.: Taja Mohorcic; taja.mohorcic@nlb.si) and UniCredit Bank GmbH (+49 89 378 18825; liability.management@unicredit.de) are the dealer managers for the tender offer.

Morrow Sodali Ltd. (+44 20 4513 6933, +852 2319 4130; nlb@investor.morrowsodali.com; https://projects.morrowsodali.com/nlb) is the tender agent.

The lender is based in Ljubljana, Slovenia.


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