Ljubljana, 20 September (STA) - NLB bank announced on Friday it has received European Central Bank (ECB) clearance for an early redemption of two subordinated bonds respectively due in 2029 and 2039.
On 19 November the bank will redeem its subordinated bonds with final maturity on 19 November 2029 in the total nominal amount of EUR 9.9 million, together with accrued and unpaid interest.
The issue, launched in 2019, was worth EUR 120 million and had an interest rate of 3.65%
It has also received permission for early redemption of its subordinated bonds due on 5 February 2030 in the aggregate nominal amount of up to EUR 10,500,000, provided that early redemption is made on the fifth anniversary from the issuance.
This issue was likewise worth EUR 120 million and had a interest rate of 3.4%.
