Posts Tagged ‘ OP Mortgage Bank ’

Mortgage Society debut ‘explodes’, OP €1.25bn ‘awesome’

May 6th, 2016
Mortgage Society of Finland image

The Mortgage Society of Finland sold a debut, €250m five year covered bond on Monday, with demand of €850m surpassing expectations after the book built rapidly, according to the issuer’s head of funding. Fellow Finnish issuer OP sold a “blowout” €1.25bn seven year issue on Tuesday.



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 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.



OP disappoints amid pulled deals as investors resist levels

Nov 28th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

The recent CBPP3-inspired momentum of the covered bond market appeared to have dried up over the past week, with demand for a Eu1bn 10 year OP Mortgage Bank benchmark last Friday (21 November) falling short of expectations amid other senior and covered bond issues being pulled.



OP mandates 10 year into weaker market

Nov 21st, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank is set to launch a 10 year benchmark imminently, having announced the mandate this (Thursday) afternoon for launch in the near future.



Bank bid helps OP to tight amid pre-ECB covered burst

Jun 5th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

Attractive market conditions ahead of an ECB meeting today (Thursday) proved tempting for issuers this week as six euro benchmarks over Tuesday and Wednesday made for the busiest two days in covered bonds this year, with Finland’s OP Mortgage Bank coming tightest of the lot.



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 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.