The aggregate principal amount of the subordinated notes is EUR 75m.

Sava Re published a document on the Ljubljana Stock Exchange announcing that they adopted the decision to issue subordinated notes with the following key features:

• The aggregate principal amount of the subordinated notes is EUR 75m (issued in the denomination of EUR 100,000) 
• Unless previously redeemed by the issuer, the notes will be redeemed at par on 7 November 2039
• The notes will bear interest rate during the first 10 years at a fixed rate of 3.75% p.a.; afterwards the notes will bear interest at a floating interest rate based on the sum of the 3-month Euro Interbank Offered Rate and the margin of 4.683% (equal to the original issue spread 368.3 plus 100 bps step-up);
• The prospectus will be published on the Luxembourg Stock Exchange and website of the Issuer on the issue date.

Sava Re will inform further about the outcome of the offering on 28 October 2019.