Posts Tagged ‘ Finland ’

Aktia in smooth changeover from REMB with Eu500m first

Jun 20th, 2013
Aktia

Aktia Bank sold a Eu500m no-grow five year covered bond on Monday, successfully inaugurating a new programme the Finnish group has set up to take over its covered bond funding from Aktia Real Estate Mortgage Bank.



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.



Aktia: Out on the street again

Jun 13th, 2013

Aktia has roadshowed its new Aktia Bank plc covered bond programme and Crédit Agricole CIB senior covered bond analyst Florian Eichert explores the differences between this and previous Aktia Real Estate Mortgage Bank covered bonds.



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.



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.



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.



Moody’s turns Aktia outlook negative on changes

Feb 14th, 2013
Aktia

Moody’s affirmed Aktia Bank at A3 yesterday (Wednesday), but revised the outlook from stable to negative, a move that an Aktia official said was to be expected given that the bank will no longer be the central credit institution for the POP and savings banks in Finland.



Moody’s still negative on Finnish banking system

Jan 31st, 2013
Nordea Bank Finland300

The outlook for the Finnish banking system remains negative, said Moody’s yesterday (Wednesday), citing as driving factors its expectations of a continued weak operating environment, increasing household indebtedness, and high reliance on wholesale funding in the context of prevailing capital markets volatility.