Yesterday, NLB concluded note purchase agreements in the aggregate nominal amount of EUR 82m. The date of issuance is expected for 23 September 2022, with no scheduled maturity date.

NLB announced the intended issuance of subordinated notes, which will qualify as Additional Tier 1 Instruments. Yesterday, on 20 September 2022, the Company concluded note purchase agreements in the aggregate nominal amount of EUR 82m, with the expected date of issuance set for 23 September 2022.

The notes do not have a maturity date. NLB will have the option for the redemption of notes between 23 September 2027 and 23 March 2028 and on each distribution payment date thereafter. Until 23 March 2028 the interest on the principal of the notes will accrue at the interest rate of 9.721% per annum, and for each subsequent 5-year period, accrue at the applicable interest rate, which shall be reset prior to the commencement of each such period. The issue price will be equal to 100% of the nominal amount of the notes. The ISIN code of the notes will be SI0022104275.