Finland

Finnvera has become the first European SSA borrower to print a five year dollar benchmark since early March, picking up $1bn with a Reg S/144A benchmark.

Finnvera is set to bring a deal in what has become a rare tenor in dollars, after mandating banks on Tuesday for a five year Reg S/144A benchmark.

The Helsinki listing of Finnish property firm Kojamo was priced on Thursday and rose in trading on Friday morning, continuing the good run for Europe’s IPO market.

KommuneKredit will hit the road next week to talk up a new green bond, while a fellow Nordic issuer is looking to enter the social bond market — although not for some time yet.

KommuneKredit will hit the road next week to talk up a new green bond, while a fellow Nordic issuer is looking to enter the social bond market — although not for some time yet.

Credit Suisse found itself long of stock in Neste Corp, the Finnish oil refiner, after an €861m sale of shares by the Finnish government on Tuesday night. The failed block trade has prompted equity capital markets bankers to ask whether the market has become much more unforgiving this year, writes Aidan Gregory.

A €861m selldown of shares in Finnish oil refiner Neste Corp by the government of Finland on Tuesday night failed to clear, leaving the bookrunner holding a residual position.

Solidium, the investment company owned by the government of Finland, has sold a chunk of its stake in Stora Enso, the Finnish maker of pulp and paper, via a block trade that was multiple times oversubscribed, according to a banker involved in the deal.

Kojamo, Finland’s largest residential property company, has set the range on its Helsinki listing, valuing it at over €2.1bn.

OP Mortgage Bank raised €1bn of seven year funding in the covered bond market on Thursday and paid only 1bp more than Nordea’s recent seven year. However, with a €1.2bn order book, it was the least subscribed Finnish covered bond of the year suggesting the tenor has lost some appeal.

Aktia Bank attracted strong demand for its tightly priced covered bond on Tuesday, the issuer’s first since March 2015, and the first from its restructured mortgage business.

EQT has cleared out its stake in Terveystalo, the Finnish private healthcare company it floated on the Nasdaq Helsinki in October.