Oma finds strong demand, gets upsize and minimal NIP

Finland and euros fotolia 230 x 150
By Tyler Davies
27 Mar 2019

Oma Savings Bank proved popular on its return to the euro covered bond market on Wednesday, allowing it to hit the upper end of its size ambitions and only pay a slim premium to investors.

The Finnish lender had already spoken to investors about a new covered bond backed by Finnish mortgages during a roadshow organised by Danske Bank, LBBW and OP Corporate Bank.

This syndicate group then opened books for a new five year deal on Wednesday morning, with initial price thoughts ...

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