Posts Tagged ‘ Finnish ’

Pohjola opens euro senior for Nordics at limited NIP

Jan 15th, 2016
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank executed the first Nordic senior unsecured euro benchmark of 2016 on Wednesday, a €500m long five year deal that the Finnish issuer’s head of group funding said was sold with a relatively limited new issue premium.



OP leads way as Nordics show covered bond mart’s strength

Nov 20th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank set the tone for a strong week in the covered bond market with a Eu1.25bn five year issue on Monday that attracted orders approaching Eu1.8bn at a limited new issue premium, with Stadshypotek and Danske Bank Finland following successfully in its wake.



Danske sells Eu1bn covered, mart withstands heavy supply

Sep 4th, 2015
Danske

Danske Bank launched a Eu1bn (Dkr7.5bn) five year covered bond on Tuesday amid a wave of supply that the market proved more than able to absorb, and further benchmarks are due early next week.



Record krona Tier 2 offers Pohjola attractive alternative to euros

Aug 21st, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank turned to the Swedish krona market to raise Tier 2 debt on Tuesday after having retreated from a planned euro issue in June, and in doing so sold a Skr3.5bn FRN that is the largest single-tranche Tier 2 in the Swedish market and which market participants said offered savings for the Finnish issuer.



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.



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
Saastopankki

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.



Interview: Kai Brander, Sp Central Bank

Apr 10th, 2015
Saastopankki

The Central Bank of Savings Banks Finland (Sp Central Bank) yesterday (Thursday) mandated an inaugural, senior unsecured bond and here Kai Brander, head of treasury, Sp Central Bank discusses the project.



Finland’s Sp Central Bank plans inaugural, senior bond

Apr 10th, 2015
Saastopankki

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.