Clifford Chance Advises NLB on €300 Million Additional Tier 1 Bond Issuance

"Clifford Chance advised Nova Ljubljanska Banka d.d. (NLB) on the issuance of €300 million undated non‑cumulative fixed‑rate Additional Tier 1 notes (6.50% p.a.), admitted to trading on the regulated market of the Luxembourg Stock Exchange. Proceeds will diversify NLB’s capital base and strengthen its capital and MREL position."

Global law firm Clifford Chance advised Nova Ljubljanska Banka d.d. (NLB) on its issuance of Additional Tier 1 securities and related listing on the Luxembourg Stock Exchange. The transaction comprised an issuance by NLB of €300 million undated non‑cumulative fixed rate Additional Tier 1 (AT1) notes carrying a coupon of 6.500% per annum. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange. AT1 instruments are contingent convertible securities designed to absorb losses and enhance a bank’s capital resilience in periods of financial stress. NLB has stated that the proceeds are intended to diversify its capital base and further strengthen its capital and MREL position. Clifford Chance represented Nova Ljubljanska Banka d.d. (NLB) with a team composed by: Cristina Freudenberger (Partner, Capital Markets, Frankfurt); Maria de Elizalde (Senior Associate, Capital Markets, Madrid); Lilli Neubauer (Transaction Lawyer, Capital Markets, Frankfurt); Felicitas Fischer (Transaction Lawyer, Capital Markets, Frankfurt).

Clifford Chance Advises NLB on €300 Million Additional Tier 1 Bond Issuance

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