NLB issues EUR 400 million notes: what it means for NLB stock

Published on 10/13/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The notes carry a 5.23 percent coupon through October 20, 2031. NLB stock has a November 5, 2026 earnings call ahead.

Key points in brief

NLB announced a EUR 400.0 million subordinated Tier 2 note issue on October 12, 2026.
The notes carry a 5.23 percent annual coupon through October 20, 2031.
NLB agreed to acquire more than 55 percent of DBS in September 2026.
The next NLB third-quarter earnings call is scheduled for November 5, 2026.

NLB, SI0021117344, Illustration mit AI erstellt.

Nova Ljubljanska Banka (SI0021117344) announced a EUR 400.00 million subordinated note issue on October 12, 2026, with proceeds intended for Tier 2 capital. Investing.com reported that the notes are expected to be issued on October 20, 2026, and will mature on October 20, 2036. The announcement gives NLB a fresh capital-markets milestone as it pursues regional expansion.

Three dated expansion and funding steps

On August 6, 2026, NLB Group reported core revenue growth of 6.00 percent year over year and loan-volume growth of 12.00 percent in its home region, according to the Ljubljana Stock Exchange.

On September 18, 2026, NLB agreed to acquire more than 55.00 percent of Dezelna Banka Slovenije. The transaction concerns a bank with EUR 1.60 billion of assets and EUR 524.00 million of risk-weighted assets, according to SEOnet.

On October 12, 2026, the subordinated note issue reached EUR 400.00 million, compared with the EUR 300.00 million amount previously planned, according to Forbes Slovenia. The increase of EUR 100.00 million is a concrete measure of the stronger-than-planned funding outcome.

What does EUR 400 million add

The notes carry a 5.23 percent annual coupon through October 20, 2031, after which the rate resets to the applicable rate plus a 1.75 percentage-point margin. Investing.com reported that the issue price is 100.00 percent of nominal value.

For NLB, the capital structure matters because management is pursuing acquisitions alongside organic growth. Forbes Slovenia reported that NLB has cited EUR 4.00 billion of risk-weighted-asset capacity for mergers and acquisitions, while the DBS deal remains subject to regulatory approvals.

Next dates for NLB stock

The notes are scheduled for issuance on October 20, 2026, and the next third-quarter 2026 earnings call is scheduled for November 5, 2026, according to NLB Group. That calendar gives investors two concrete dates for evaluating the funding plan and its effect on reported capital and earnings.

Last Ljubljana price

The last reported Ljubljana Stock Exchange price was EUR 223.00 on October 12, 2026. The exchange also reported market capitalization of EUR 4.46 billion and a 52-week range of EUR 173.50 to EUR 236.00 for NLB.

The further course of trading is shown by the continuously updated real-time quote of NLB stock.