In its action plan for the improvement of the capital adequacy OTP banka d.d. envisaged a partial buyback of subordinated instruments. By buying back the subordinated instruments the Bank will increase its Core Tier I capital ratio.
The Tender and Exchange Offer related to the following issues:
1. Floating Rate Perpetual 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
On 12 December 2012 OTP banka d.d. received the approval of the Bank of Slovenia for the partial buyback of hybrid instruments
This announcement will be published on the Bank's website (www.otpbanka.si) from 13 December 2012 onwards.
