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Nova KBM, a leading Slovenian bank, recently completed the sale of EUR 300 million in 4-year bonds with a call option after 3 years. This transaction builds upon the success of their earlier EUR 400 million 3-year bond issuance in June 2023. The latest issuance attracted significant investor interest in the market, repeating the record-setting 2023 issuance.
Key Transaction Details
Nova KBM's bond sale demonstrated strong market interest, with the order book reaching EUR 2 billion following a highly successful placement by the Joint Bookrunners. This represents a substantial oversubscription, highlighting investor confidence in Nova KBM. The bonds, issued on 3rd April 2024, carry an interest rate of 4.750% p.a. and were listed on the Euro MTF of the Luxembourg Stock Exchange. Proceeds will support Nova KBM's regulatory compliance (MREL) and general banking operations.
Transaction Parties
The parties to the transaction were:
Issuer: Nova KBM
Joint Bookrunners: BNP Paribas, Citigroup, Erste Group, Goldman Sachs, OTP Bank, and UniCredit
Legal Advisers to the Issuer: Linklaters, Wolf Theiss
Legal Advisers to the Joint Bookrunners: Clifford Chance
Process Agents: Carsted Rosenberg
As the appointed process agent, Carsted Rosenberg was mandated to contribute to the streamlined and efficient execution of this bond issuance by the parties to the transaction.
Trusted Expertise
Carsted Rosenberg's expertise in supporting cross-border bond issuances contributed to the successful conclusion of Nova KBM's transaction in cooperation with the lead legal advisers Linklaters and Clifford Chance in Frankfurt and the Joint Bookrunners. Our team's comprehensive process agent services supplemented a well-organised and seamless process for all parties involved by supporting the overall administrative process for efficient completion of cross-border capital markets transactions.
Further Information
If you are considering a bond issuance or other securities offering, contact please contact any of Michael Rosenberg or Andreas Tamasauskas at Carsted Rosenberg to learn how our process agent services in Germany can streamline your capital markets transaction.
About Carsted Rosenberg
Carsted Rosenberg is a specialist international law firm with a focus on cross-border banking & finance, capital markets, mergers & acquisitions and corporate & commercial matters.
Carsted Rosenberg provides high-end legal counsel services in connection with large-scale cross-border transactions with a particular focus on the Danish market. Our clients rely on us for pragmatic advice and transactional excellence. We specialise in matters that require transactional expertise, considerable cross-border experience and a high degree of proficiency and efficiency.