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

Published on 10/18/2026 at 13:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NLB placed EUR 400.00 million of Tier 2 bonds with 2.3 times demand on October 12, 2026. For NLB stock, profit reached EUR 133.10 million.

Capital and earnings timeline

NLB priced EUR 400.00 million of Tier 2 bonds on October 12, 2026.
Second-quarter profit reached EUR 133.10 million, up 12.00 percent quarter over quarter.
NLB stock was quoted at EUR 224.00 on October 16, 2026 on the Ljubljana Stock Exchange.

NLB, SI0021117344, Illustration mit AI erstellt.

NLB priced EUR 400.00 million of new Tier 2 bonds on October 12, 2026, with the order book reaching 2.3 times the offered amount at its peak, according to NLB Group. The transaction gives the Slovenian bank an additional capital instrument as it prepares for further growth and possible acquisitions.

What does the bond issue change?

The bonds carry a 5.232 percent annual coupon until 2031, mature on October 20, 2036, and include an issuer call option on October 20, 2031, the company said. NLB also stated that Moody's Ratings assigned the issue a Baa2 rating. The combination of the EUR 400.00 million size and the 2.3 times peak demand makes funding access the key investor angle.

Three milestones shape the story

On February 12, 2026, NLB reported a 15.00 percent return on tangible equity and 3.00 percent quarter-over-quarter revenue growth, according to NLB Group. On September 18, 2026, the bank announced an agreement to acquire more than 55.00 percent of Dezelna Banka Slovenije, also reported by NLB Group. The October 12, 2026 bond pricing completed the sequence with a EUR 400.00 million capital-market transaction.

Profit sets the operating context

NLB Group generated EUR 133.10 million of profit after tax in the second quarter of 2026, an increase of 12.00 percent from the previous quarter. Net non-interest income rose 33.00 percent quarter over quarter, while recurring profit before impairments and provisions increased 11.00 percent to EUR 176.20 million, according to NLB Group. The next scheduled earnings date is November 5, 2026, according to Investing.com.

Stock level and next dates

NLB stock closed at EUR 224.00 on October 16, 2026, on the Ljubljana Stock Exchange. The next dated corporate event is the expected bond issue on October 20, 2026, followed by the November 5, 2026 earnings release. The further course of trading is shown by the continuously updated real-time quote of NLB stock.