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LJUBLJANA (Slovenia), November 6 (SeeNews) – Slovenia's Nova Ljubljanska Banka [LJSE:NLBR] said it has mandated UBS Investment Bank to assist it in a planned issuance of Tier 2 subordinated bonds.
In particular, UBS Investment Bank will help NLB arrange a series of fixed income investor meetings across Europe and a series of investor calls in the November 6-8 period, NLB said in a statement earlier this week.
The planned bonds, which will mature in 10 years and will be callable after 5 years, will be offered to eligible parties and professional clients outside the US.
NLB shares traded flat at 55.6 euro by 1200 CET on Wednesday, Ljubljana Stock Exchange (LJSE) data showed.
In November 2018, the Slovenian government sold 59.1% of NLB's issued share capital in an IPO on the LJSE, while in June 2019, Slovenia’s sovereign holding company successfully concluded NLB's privatisation by completing the placement to institutional investors. This left the government with 25% plus one share in NLB.