STOCK EXCHANGE RELEASE 21 June 2018, at 11:45
Finnvera issued on 20th June 2018 a USD 1 billion five year bond. The order book exceeded USD 1.6 billion with more than 40 investors participating.
The transaction maturing in June 2023 represents Finnvera’s second bond issue this year.
Lead managers for the issue were Citi, Goldman Sachs, HSBC and TD Securities. The greatest demand came from Europe, followed by the Americas and Asia.
The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Bonds issued under the programme are guaranteed by the Republic of Finland and their rating 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