Immensely successful issuance of Nova KBM bond | OTP banka

Immensely successful issuance of Nova KBM bond

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Immensely successful issuance of Nova KBM bond

3 April 2024
OBVESTILA
 
 
On 25 March 2024, Nova KBM successfully completed the sale of EUR 300 million in 4-year bonds with a call option after 3 years. The transaction attracted a great number of investors, with the order book exceeding EUR 2 billion, which exceeds the subscription by 6.7-times and is the largest subscription among Slovenian financial institutions in history and in the CEE region in recent years.

Bonds with an interest rate of 4.750% p.a. were issued on 3 April 2024. The Bank issued the bonds in order to meet regulatory requirements (MREL) and for general banking purposes.
The bonds, issued under ISIN XS2793675534 and with a rating of Baa2 (Moody's), were offered to professional investors outside of the United States of America and were listed for trading on the Euro MTF of the Luxembourg Stock Exchange.

The bond issuance was organized for Nova KBM by BNP Paribas, Erste Group, Goldman Sachs Bank Europe SE, OTP Bank Nyrt, Citigroup, and UniCredit Bank AG, acting as joint bookrunners, with Wolf Theiss and Linklaters acting as legal advisors in the issuance.
 
 
 
 
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