Finnvera issued on 27th September 2017 a USD 1 billion three year bond. The subscriptions quickly rose to approximately USD 1.6 billion.
The bond is Finnvera’s largest US Dollar transaction to date.
Lead managers for the issue were Crédit Agricole CIB, Citi, HSBC and Nordea. The greatest demand came from investors in the Americas and Asia.
Finnvera uses the funds for financing export credits as well as the domestic SME sector.
The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. The programme is guaranteed by the Republic of Finland. The rating of Finnvera’s EMTN Programme corresponds to the rating assigned to the Republic of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera is Aa1 and that given by Standard & Poor’s is AA+.
Additional information:
Ulla Hagman, CFO, tel. +358 29 460 2458
Mikael Nordgren, Head of Treasury, tel. +358 29 460 2467