Finnvera issued a USD 1 billion bond
Finnvera issued a USD 1 billion bond on 16 October 2019. The 5-year transaction maturing in October 2024 represents Finnvera’s second benchmark bond issue this year.
Joint lead managers of the transaction were Citi, Goldman Sachs International, HSBC and TD Securities. The final orderbook closed twice oversubscribed, with 50 investors mainly from banks from Europe.
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’s programme is Aa1 and that given by Fitch is AA+.
Ulla Hagman, CFO, tel. +358 29 460 2458
Jukka-Pekka Holopainen, Head of Treasury, tel. +358 29 460 2838