Oma Savings Bank mandates leads for covered bond

Finland Fotolia 230x150
By Bill Thornhill
16 Nov 2020

Finland’s Oma Saving’s Bank has mandated leads for a covered bond and follows OP Mortgage Bank which last week issued the first Finnish covered bond since January.

OMA Savings has mandated Danske Bank, LBBW, and Swedbank to organise a series of virtual fixed income investor meetings commencing on Monday. 

A sub-benchmark transaction with an intermediate tenor that is fully secured on prime Finnish residential mortgages and is rated AAA by S&P is expected to follow.

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