Finnvera’s billion euro bond interested dozens of investors

On 6 April 2016, Finnvera issued a ten-year, fixed-rate bond of EUR one billion. Among the euro-dominated bonds issued by Finnvera so far, this one has the longest maturity.

The bond attracted much interest, and subscriptions rose to about EUR 1.9 billion.

Over 60 investors from 15 countries participated in the arrangement. The greatest demand came from investors in Central Europe, especially Germany, Austria and Switzerland (36%), the Benelux countries and France (30%), Finland (17%) and other Nordic countries (7%).

Finnvera’s EMTN Programme and the bonds issued under it are guaranteed by the State of Finland. Finnvera uses the funds both for SME financing and for financing export credits.

The bookrunners for the issue are Citigroup, Credit Agricole, Danske Bank and HSBC.

Finnvera acquires funds from international capital markets within the Medium Term Note Programme. The programme is guaranteed by the State of Finland.

The rating of Finnvera’s EMTN Programme corresponds to the rating assigned to the State of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera is Aaa and that given by Standard & Poor’s is AA+.

Additional information:
Ulla Hagman, CFO, tel. +358 29 460 2458
Mikael Nordgren, Head of Treasury, tel. +358 29 460 2467