Slovenia's NLB to issue 500 mln euro senior preferred notes

The notes' maturity date will be May 29, 2030, and the issuer will have the option for early redemption on May 29, 2029, NLB said in a filing with the Ljubljana Stock Exchange on Wednesday.

Interest on the principal of the notes will be calculated at an annual rate of 4.5%, and the issue price will be 99.759% of their nominal amount, NLB said.

Earlier this week, NLB said it mandated BNP Paribas, BofA Securities Europe SA, Morgan Stanley Europe SE, and UniCredit Bank to act as joint lead managers to organise a series of fixed-income meetings ahead of the issuance.

NLB shares closed at 117.50 euro, up 0.43%, on the Ljubljana Stock Exchange on Wednesday.

($ = 0.92238 euro)