Oma Savings Bank Plc issues EUR 350 million covered bond as part of bond program
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 11 MAY 2022 AT 16.15 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE
Oma Savings Bank Plc issues EUR 350 million covered bond as part of bond program
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES, THE TENDER OFFER OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Oma Savings Bank Plc (“OmaSp” or the “Company”) issues a covered bond of EUR 350 million. The bond has a maturity date of 18 December 2026 and the loan is with fixed interest rate.
The issue of the bond will take place under OmaSp’s EUR 3 billion bond program. The Finnish Financial Supervisory Authority (FIN-FSA) has approved the update of the prospectus for the Company’s bond program on 6 May 2022.
The final terms of the loan to be issued are available in English on the Company’s website https://www.omasp.com/investors estimated at 16 May 2022.
OmaSp will apply for admission of the covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange.
The Joint Lead Managers of the issue are Danske Bank A/S, Landesbank Baden-Württemberg (LBBW) and Erste Group Bank AG. Borenius Attorneys Ltd acts as legal advisor.
Oma Savings Bank Plc
Lisätiedot:
Pasi Sydänlammi, CEO tel. +358 45 6575506
Sarianna Liiri, CFO tel. +358 40 835 6712
Distribution:
Nasdaq Helsinki Ltd
Major media
www.omasp.fi
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 330 professionals provide nationwide services through OmaSp’s 35 branch offices and digital service channels to over 150,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.
OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.
