Posts Tagged ‘ Finnish ’

Strong momentum for Aktia covered allays initial nerves

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.

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.

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 gives verdict on Finland’s covered framework

Mar 14th, 2013

Moody’s published a credit assessment of Finland’s legal framework for covered bonds on Tuesday, highlighting several strengths of the country’s market, but citing weaknesses with respect to cover pool monitors and to covered bondholders’ rights over certain overcollateralisation.

Moody’s turns Aktia outlook negative on changes

Feb 14th, 2013

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.