Aktia issued a EUR 500 million covered bond
21 January 2022 - 1:30AM
Aktia issued a EUR 500 million covered bond
Aktia Bank PlcPress release20 January 2022 at 4.30 p.m.
Aktia issued a EUR 500 million covered bond
On Tuesday 18 January 2022, Aktia Bank Plc issued a new EUR 500
million covered bond, due in October 2028. The bond was priced at a
negative margin compared to swap rates (MS -1). This was the first
Finnish covered bond in 2022. Aktia’s previous corresponding issue
took place in 2019.
The final order book included subscription offers corresponding
to over EUR 1.1 billion from over 45 investors. Most of the orders
were received from the Nordic countries, approximately 43 per cent,
more than half of them from Finnish investors. Subscription orders
were also submitted for example from Germany and Austria (35 per
cent) and from the Netherlands and Luxembourg (14 per cent).
The issuing banks were ABN Amro, Danske Bank, LBBW, Nordea and
Swedbank.
“The issue was very successful and attracted a great deal of
interest in the European investor community. It is great that
Aktia's stable and predictable business and consistent
implementation of the strategy are reflected in strong demand in
the debt market,” says Outi Henriksson, CFO of Aktia.
Aktia Bank Plc
Further information:Timo Ruotsalainen, Head of Treasury, tel.
010 247 7211
Distribution:Nasdaq Helsinki LtdMass mediawww.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has
been creating wealth and wellbeing from one generation to the next
for 200 years. We serve our customers in digital channels
everywhere and face-to-face in our offices in the Helsinki, Turku,
Tampere, Vaasa and Oulu regions. Our award-winning asset management
business sells investment funds also internationally. We employ
approximately 900 people around Finland. Aktia's assets under
management (AuM) 30 June 2021 amounted to EUR 15.6 billion and the
balance sheet total was EUR 11.2 billion. Aktia's shares are listed
on Nasdaq Helsinki Ltd (AKTIA). aktia.com
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