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LJUBLJANA - Nova Ljubljanska banka d.d., Ljubljana (NLB d.d.) announced Monday it has mandated several financial institutions to arrange fixed-income meetings ahead of a potential €300 million subordinated notes issuance.
The Slovenian bank has appointed BNP Paribas, BofA Securities Europe SA, Goldman Sachs Bank Europe SE, Erste Group Bank AG, and NLB d.d. itself as joint lead-managers for the initiative, according to a press release statement.
The planned notes are intended for inclusion into Additional Tier 1 capital, with no scheduled maturity and a call option after five years. The securities will be offered exclusively to eligible counterparties and professional clients outside the United States.
The bank specified that the issuance remains subject to favorable market conditions.
NLB d.d. made the announcement in accordance with the Rules of the Ljubljana Stock Exchange and Article 158 of the Market in Financial Instruments Act, relating to Article 17 of Regulation (EU) No 596/2014.
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