LJUBLJANA (Slovenia), January 23 (SeeNews) – Slovenia's Nova Ljubljanska Banka [LJSE:NLBR] said on Thursday it has mandated UBS Investment Bank to help it organise the issuance of Tier 2 subordinated bonds.
The bonds will mature in 10 years and will be callable after 5 years. They will be offered to eligible parties and professional clients outside the US, NLB said in a filing to the Ljubljana Stock Exchange (LJSE).
The lender did not provide an amount for the planned bond issue.
In November, NLB said it has mandated UBS Investment Bank to help it arrange a series of fixed income investor meetings across Europe and a series of investor calls.
NLB shares traded at 63.8 euro ($70.8) by 12:15 CET on Thursday on the LJSE, up from Wednesday's 63.6 euro close, bourse data showed.
In November 2018, the Slovenian government sold 59.1% of NLB's issued share capital in an IPO on the LJSE, while in June 2019, Slovenia’s sovereign holding company successfully concluded NLB's privatisation by completing the placement to institutional investors. This left the government with 25% plus one share in NLB.
($=0.901335 euro)
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