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
