Pozavarovalnica Sava

Capital/Financing Update • Sep 30, 2024

Category: Inside information

Published on: SEOnet

Published at:  27.09.2024 16:01

Published document ID: INI-521/24

INI-500/24

Sava Re, d.d.

Sava Re issues subordinated bonds

In accordance with the rules of the Ljubljana Stock Exchange, Ljubljana, and applicable legislation, Sava Re d.d., Dunajska 56, Ljubljana, makes the following announcement:

On 23 September 2024 Sava Re d.d. informed the public that it was considering options for issuing subordinated bonds (Tier 3). Based on the orders received from the well-informed investors, Sava Re d.d. decided to issue Tier 3 subordinated bonds with a maturity of five years and ISIN code XS2884012332 (hereinafter the “notes”), with the following key features:

•      the aggregate principal amount of the notes is EUR 50 million (the entire issue consists of 500 denominations of EUR 100,000);

•      the principal amount of the notes is payable in full in a single amount on 4 October 2029;

•      the notes will pay a fixed rate of interest of 5.20% per annum, payable annually;

•      the notes issue was aimed at well-informed investors outside the United States of America and will be admitted to trading on the Luxembourg Stock Exchange.

The notes were issued on 27 September 2024 and will be settled on 4 October 2024.

The issue was structured and managed by Erste Group Bank AG.

This announcement will also be available on the Company’s website, at www.sava-re.si, for at least five years from the date of this announcement.

Sava Re d.d.

Date: 30.09.2024