Finland
Oct 31st, 2014
A Eu1bn 10 year Nordea Finland deal on Wednesday that was the first new benchmark eligible for CBPP3 since the programme began met with a “bonkers” response, achieving pricing 5bp inside initial price thoughts and kickstarting the primary market for Eurozone issuers.
Posted in Finland
Tags: CBPP3, covered bond, Finnish, Nordea Bank Finland
Oct 2nd, 2014
Finland’s Ålandsbanken sold its largest single tranche covered bond on Tuesday, a Eu150m four year issue backed by a Finnish cover pool, and plans to return before year-end with a krona-denominated inaugural covered bond out of a Swedish cover pool.
Posted in Finland
Tags: Alandsbanken, covered bond, Finland, Finnish
Sep 12th, 2014
Sampo Oyj, parent company of the Finnish financial conglomerate, sold a Eu500m seven year bond issue on Tuesday, its first euro benchmark since February 2012, and met with strong demand.
Posted in Finland
Tags: Finland, Finnish, insurance, Sampo Oyj
Sep 4th, 2014
Ålandsbanken is aiming to increase the share of covered bonds in its funding profile, according to an official at the issuer, as it prepares to go on a roadshow linked to plans for a euro deal backed by its cover pool of Finnish residential mortgages.
Posted in Finland
Tags: Alandsbanken, covered bonds, Finland, Finnish, Swedish
Jun 19th, 2014
Pohjola Bank launched its first fixed rate senior unsecured transaction in the Swiss franc market on Monday, a Sfr300m (Eu246m) seven year deal that ends a run of four deals in three weeks for the OP-Pohjola group, following a benchmark covered bond, a euro senior benchmark, and a Samurai.
Posted in Finland
Jun 12th, 2014
Pohjola Bank launched the tightest five year senior unsecured euro benchmark of the year on Tuesday, a Eu750m issue that the OP-Pohjola head of group funding said was an opportunistic trade to take advantage of a receptive market.
Posted in Finland
Tags: Finland, OP-Pohjola, Pohjola Bank, senior
Jun 5th, 2014
Attractive market conditions ahead of an ECB meeting today (Thursday) proved tempting for issuers this week as six euro benchmarks over Tuesday and Wednesday made for the busiest two days in covered bonds this year, with Finland’s OP Mortgage Bank coming tightest of the lot.
Posted in Finland
Tags: OP Mortgage Bank
Apr 24th, 2014
The Finnish Ministry of Finance presented proposals for the implementation of the CRD IV and CRR framework to parliament last Thursday (17 April), with the proposals in line with expectations, according to an official from the Federation of Finnish Financial Services.
Posted in Finland
Tags: Basel III, CRD IV, CRR, Finland, Finnish
Apr 10th, 2014
Aktia Bank issued a Eu500m no-grow five year covered bond on Monday, with an official at the issuer noting that the deal gained traction quickly, allaying some nervousness about how it would fare after softening in the wider market late last week.
Posted in Finland
Tags: Aktia Bank, covered, Finland, Finnish
Mar 20th, 2014
Aktia Bank announced on Tuesday that it has mandated banks to organise a series of investor meetings for its euro benchmark covered bond programme, with an official at the issuer noting that the roadshow would be used to gauge market conditions and investor appetite.
Posted in Finland
Tags: Aktia, Aktia Bank, covered bonds, Finland