Pohjola holds off Tier 2 after fleeting reopening of subordinated supply

Jun 12th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank mandated leads for a euro-denominated Tier 2 benchmark on Monday, but despite a smattering of Additional Tier 1 (AT1) and Tier 2 supply this week a deal for the Finnish issuer did not emerge against the volatile market backdrop.

Ålandsbanken Eu250m covered its biggest yet

May 22nd, 2015

Finland’s Ålandsbanken launched its largest ever covered bond on Tuesday, a Eu250m no-grow five year issue that the issuer’s head of group treasury said represented successful pricing and diversification, even if it had to pay up for the sub-benchmark size.

Pohjola in senior sterling first as UK vote surprises to upside

May 15th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank achieved investor diversification through a debut syndicated sterling deal on Tuesday, a £700m (Eu976m) dual-tranche issue that benefited from positive sentiment that followed a decisive UK election result while volatility hit the euro market.

Sp Central Bank cheered by debut Eu500m senior bond

May 1st, 2015

The Central Bank of Savings Banks Finland (Sp Central Bank) on Tuesday sold an inaugural Eu500m five year senior unsecured bond, reopening wholesale funding for the Savings Banks Group and achieving the issuer’s target of building a large, highly granular order book.

Finnish repayment holidays pose long term risks, warns Moody’s

Apr 17th, 2015
Bank of Finland

A move by Finnish banks to allow households amortisation-free periods on their mortgages free of charge is a short term boon for Finland’s economy, but could pose a long term risk to the banking system, Moody’s warned on Monday.

Finland’s Sp Central Bank plans inaugural, senior bond

Apr 10th, 2015

The Central Bank of Savings Banks Finland is planning an inaugural, senior unsecured bond in a move that will mark the reopening of wholesale funding for the Finnish Savings Banks Group.

Aktia shrugs off weakness, cites diverse Eu1.5bn book

Mar 27th, 2015

Aktia Bank issued a Eu500m seven year covered bond on Tuesday that overcame difficult market conditions to attract a diverse Eu1.5bn order book that represented the highest level of oversubscription on any benchmark for two weeks.

Nordea Eu2bn covered duo attracts Eu4bn through swaps

Mar 13th, 2015
Nordea Bank Finland300

Nordea Bank Finland drew over Eu4.25bn of demand for a dual-tranche, 5.25 and 12 year, deal on Tuesday that, at Eu2bn, is the largest covered bond issue since November and the first dual-tranche benchmark to have both tranches pricing through swaps.

Pohjola draws Eu2bn book for Eu1bn senior 7s

Feb 27th, 2015
Lauri Iloniemi

Pohjola Bank launched the OP group’s first benchmark transaction of the year on Tuesday, a Eu1bn seven year bond that took advantage of a lack of supply in the senior unsecured market coupled with strong demand.

OP mandates 10 year into weaker market

Nov 21st, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank is set to launch a 10 year benchmark imminently, having announced the mandate this (Thursday) afternoon for launch in the near future.