Slovenia's NLB contemplates senior preferred notes issuance

The senior preferred notes will have a six-year maturity and will be callable after five years, subject to favourable market conditions, NLB said in a bourse filing.

NLB has mandated BNP Paribas, BofA Securities Europe SA, Morgan Stanley Europe SE and UniCredit Bank as Joint Lead-Managers to organise a series of fixed-income meetings ahead of a potential issuance, the lender said.

The notes will be intended to count towards the minimum requirement for own funds and eligible liabilities (MREL) and will be offered to eligible counterparties and professional clients outside the USA.

NLB's shares traded 0.86% higher at 117.50 euro by 0928 CET on Tuesday on the Ljubljana bourse.

($ = 0.92026 euro)