TVO makes opportunistic MTN return

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By Frank Jackman
29 Oct 2019

The Swedish krona MTN market’s bumper year received a further boost as nuclear power plant operator Teollisuuden Voima Oy (TVO) returned to the MTN market for the first time in five years to place a pair of notes in the currency. However, the return may be short lived, as TVO has plenty of access to cash and will take an opportunistic approach to future issuance.

“We are always looking at the market and if opportunity arises we might consider issuing,” said Lauri Piekkari, senior vice-president, treasury at TVO. “Currently, we have very strong liquidity, and so don’t need to come to the market again any time soon. Next year, we do not have ...

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