OP eyes H2 return after ending absence with Eu1bn seven year

Mar 13th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank sold its first euro benchmark in almost two years on Monday, a Eu1bn seven year issue, but an OP-Pohjola official said that the market would not have to wait so long until its next deal.

Pohjola Eu1.5bn dual-tranche revives FRNs, hits ‘sweet’ 7s

Feb 27th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank priced a Eu1.5bn dual tranche senior unsecured deal on Monday that comprised a fixed rate issue in the seven year “sweet spot”, but FIG flow activity was otherwise limited this week.

OP-Pohjola Group eyes full Pohjola acquisition

Feb 6th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

Finland’s OP-Pohjola Group is seeking to fully acquire Pohjola Bank, having today (Thursday) announced a tender offer for all the shares of the bank that it does not already own.

Finnish savings, co-op banks consider the case for covered

Oct 17th, 2013

Finland’s savings and cooperative banking groups are exploring covered bonds as a funding tool, although no decisions have been made, representatives of the banks told Nordic FIs & Covered.

Aktia in senior fixed rate first despite politics, beats rush

Oct 3rd, 2013

Aktia Bank priced its first public fixed rate senior unsecured transaction yesterday (Wednesday), a Eu300m four year deal that was well received despite Italian and US politics having cast a shadow over markets this week.

Nordea Finland restarts covered, Sparebanken Vest sets euro roadshow

Aug 22nd, 2013
Nordea Bank Finland300

Nordea Bank Finland reopened the euro benchmark covered bond market with the first such trade since the end of July on Tuesday, issuing a Eu1.5bn five year transaction, while Sparebanken Vest has announced a euro roadshow mandate.

Pohjola Bank debuts in Samurai with ¥30bn three tranche transaction

Jun 20th, 2013
Lauri Iloniemi

Pohjola Bank priced its debut Samurai issue on Wednesday, a ¥30bn (Eu235m) three tranche deal, which the group’s head of funding said marked the beginning of a long term presence that made the work on setting up the programme worthwhile.

Handelsbanken to join Nordic Samurai series as Pohjola moves forward

Jun 13th, 2013
Handelsbanken image

Svenska Handelsbanken is set to become the third Nordic issuer to tap the Samurai market within the space of a month, with soft marketing for the Swedish bank’s debut, senior unsecured issue expected to start tomorrow (Friday).

Pohjola set to launch Samurai debut after roadshow, Nordea success

Jun 6th, 2013

Pohjola Bank is set to launch its first Samurai issue in the coming weeks, with the Finnish issuer having visited Japan for a deal-related roadshow ahead of the planned senior unsecured transaction.

Nordea and Pohjola strong in dollar and euro senior moves

May 9th, 2013
Photo: Lauri Silvennoinen/Wikimedia Commons

Nordic issuers Pohjola Bank and Nordea tapped into a global rally to price senior unsecured issues in the euro and dollar markets, respectively, on Tuesday, with each achieving attractive levels, according to lead syndicate officials.