Issuance of notes

Summary by AI BETAClose X

NLB will issue EUR 350 million of Additional Tier 1 notes on 17 November 2026, with no fixed maturity, callable at the issuer's option from 17 November 2031 and on each subsequent interest payment date; interest accrues at 7.40% per annum until 17 November 2031 and will reset every five years thereafter, the issuer may cancel interest payments, and the issue price is 100.00% of nominal (ISIN XS3565258764). The notes are placed with eligible counterparties and professional clients outside the US and are intended to qualify as AT1 capital, which should strengthen regulatory capital while adding a high-cost funding item that may affect future earnings.

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