Nova KBM
 

Nova KBM intends to (buy back) tender / exchange hybrid bonds and issue new bonds | NKBM

In accordance with provisions of the Ljubljana Stock Exchange Rules and the Financial Instruments Market Act, Nova KBM d.d., Maribor, hereby gives the following notice:

Nova KBM intends to (buy back) tender / exchange hybrid bonds and issue new bonds

13 November 2012
OBVESTILA
In accordance with provisions of the Ljubljana Stock Exchange Rules and the Financial Instruments Market Act, Nova KBM d.d., Maribor, hereby gives the following notice:
 

In its action plan for the improvement of the capital adequacy Nova KBM d.d. envisaged a partial buyback of subordinated instruments. By buying back the subordinated instruments the Bank intends to increase its Core Tier I capital ratio. The Bank will offer the bondholders to either sell the bonds at a discount for cash or to exchange the bonds at a discount for debt securities with fixed maturity. 


The Tender and Exchange Offer relates to the following issues:


1. CLN – Credit Linked Note – issued in the amount of €50 million by ING Bank NV, ISIN: XS0270427163
2. LPN – Loan Participation Note – issued in the amount of  €100 million by Maribor Finance BV, ISIN: XS0325446903