Nova Ljubljanska banka d.d. Notes – NOVALJ 10 ¾ 11/28/32

Issuer

Nova Ljubljanska banka d.d., Ljubljana, Trg republike 2, 1520 Ljubljana

Type

Subordinated, EUR-denominated, issued in global note form

Status and subordination

The Notes shall constitute direct, unsecured and subordinated obligations of the Issuer and shall qualify as Tier 2 instruments of the Issuer pursuant to Article 63 of the CRR II Regulation

Ticker

NOVALJ 10 ¾  11/28/32

ISIN code

Notes Rating

BB (S&P)

Aggregate nominal value of the issue (principal)

Nominal value of each Note

EUR 100,000.00

Interest commencement date

Maturity

Interest Rate

Interest rate means annual interest rate, which amounts to:

(i) 10.750% up to but excluding 28 November 2027;

Reference Rate

Reset Date

Reset Interest Date

Margin

TARGET Business Day

Means any day which is a day on which TARGET2 payment system is operating

Issue date

Interest Calculation

Interest Period

Interest Payment Date

Type of redemption

At maturity, at redemption price equal to 100% of principal plus accrued interest

Possibility of early redemption

The principal of the Notes cannot be prepaid upon demand of a noteholder.

The Issuer may redeem the Notes before maturity (in whole, but not in part, at their principal amount together with accrued and unpaid interest thereon to but excluding the date specified for the redemption at any time on the date of early redemption specified in the notice, provided that the conditions to early redemption and repurchase set forth in conditions of the Notes are met):

(a) if, by 31 March 2023, the Issuer does not obtain the permission of the competent authority to include the Notes in whole in the calculation of its Tier 2 capital; and

(b) if conditions for redemption (which include approval of the competent authority) are met: (i) on 28 November 2027; (ii) at any time, if any of the following occurs or is expected to occur (x) a change in the regulatory classification of the Notes; and/or (y) a change in the applicable tax treatment of the Notes.

Listed on stock exchange

Luxembourg Stock Exchange, Euro MTF market

Listed from

Offering Circular