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POP Mortgage Bank Plc issues a covered bond of EUR 250 million. The bond has a maturity date of 26 April 2028 and the loan is with fixed interest rate.
The issue of the bond will take place under POP Mortgage Bank Plc’s EUR 1 billion bond program. The Finnish Financial Supervisory Authority (FIN-FSA) has approved the update of the prospectus for the company's bond program on 7 March 2023 and the supplements to the prospectus on 18 April 2023.
The final terms of the loan to be issued are available in English on the company's website https://www.poppankki.fi/en/investors/information-for-investors/investor-relations estimated at 26.4.2023.
POP Mortgage Bank Plc will apply for admission of the covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange.
The Joint Lead Managers of the issue are Nordea Bank Abp, Landesbank Baden-Württemberg (LBBW) and Swedbank Ab (Publ). Borenius Attorneys Ltd acts as legal advisor.
POP Mortgage Bank Plc
For more information:
Timo Hulkko, CEO of POP Mortgage Bank Plc, tel. +358 500 894 008
Tony Tötterström, Deputy CEO of POP Mortgage Bank Plc, tel. +358 50 530 6623
Distribution
Nasdaq Helsinki Ltd
Main Media
www.poppankki.fi
POP Mortgage Bank Plc is a subsidiary wholly owned by POP Bank Centre coop and it also belongs to amalgamation of POP Banks. POP Mortgage Bank Plc is responsible for the POP Bank Group's secured funding by issuing covered bonds.