Posts Tagged ‘ Aktia Bank ’

SpareBank 1 joins euro covered spree as Aktia begins roadshow

Jun 6th, 2013
SpareBank 1

Norway’s SpareBank 1 Boligkreditt was one of four issuers to launch benchmark euro covered bonds this week despite market conditions remaining tricky after the recent turn in sentiment, while Aktia Bank has embarked upon a roadshow ahead of a debut in its new guise.



Interview: Timo Ruotsalainen, Aktia

May 30th, 2013
Timo Ruotsalainen 300

Timo Ruotsalainen, managing director, Aktia Real Estate Mortgage Bank, gave Nordic FIs & Covered an update about the Finnish group’s switch to issuing directly out of Aktia Bank, and discussed other developments.



Aktia sells rare Eu200m senior unsecured FRN during covered switch

Nov 22nd, 2012

Aktia Bank sold a Eu200m three year floating rate note today (Thursday), making a rare appearance in senior unsecured format while it makes the transition from issuing covered bonds via Aktia Real Estate Mortgage Bank to issuing directly.



Aktia ‘breathes easier’ after surprise Moody’s move

Oct 12th, 2012
Aktia

Timo Ruotsalainen, Aktia Real Estate Mortgage Bank managing director, said that a Moody’s downgrade of the issuer’s covered bonds from Aa1 to Aa3 last Friday, which was less harsh than had been expected, was a pleasant surprise and that any decision on a potential liability management exercise was now less pressing.



Aktia floats potential covered swap as new issuers eyed

Oct 4th, 2012
Aktia

The possibility of Aktia Bank launching a liability management exercise offering investors the option to switch into its covered bonds once it begins issuing directly next year has been raised by Aktia Real Estate Mortgage Bank, while some market participants have said that the Finnish group’s erstwhile partners could issue on their own.



Aktia changes: implications for bondholders

Oct 4th, 2012

Crédit Agricole CIB Senior Covered Bond Analyst Florian Eichert looks at the possible outcomes for Aktia Real Estate Mortgage Bank covered bondholders in light of the Finnish issuer’s plans to issue through Aktia Bank and a possible liability management exercise. 



Aktia in switch from specialist to universal amid regs, ratings flux

Sep 20th, 2012

Aktia Bank will take over from Aktia Real Estate Mortgage Bank as the Finnish group’s covered bond issuer, a move fuelled by regulatory and rating criteria changes that favour more “streamlined” universal bank issuance, the specialist issuer announced last Wednesday (12 September).