Oma Savings Bank Launches New EUR 30 Million Senior-Term Bond
Oma Savings Bank Plc, a prominent figure in Finnish banking, has successfully issued an unsecured senior-term bond worth EUR 30 million. This step is part of its broader bond program and underscores the bank's dedication to strengthening its capital base while enhancing its financial offerings.
Bond Issuance Details
The bond will mature on 30 September 2027 and will feature a floating interest rate. Its International Securities Identification Number (ISIN) is FI4000581434. This bond issuance is part of OmaSp's larger EUR 3,000,000,000 bond program, highlighting the bank’s solid financial strategy.
Regulatory Approvals and Future Trading Plans
Prior to this bond release, Oma Savings Bank received approval from the Finnish Financial Supervisory Authority (FIN-FSA) for its base prospectus, with key supplementary details provided to potential investors. You can find these documents, along with the final terms, on the bank's website.
Public Trading Intentions
OmaSp plans to seek admission for this bond to be traded publicly on the Nasdaq Helsinki Ltd stock exchange. This initiative is expected to boost the bank’s visibility in the financial landscape, providing added liquidity.
Management and Legal Advisors
The bond issuance is overseen by Danske Bank A/S and Landesbank Baden-Württemberg (LBBW), who are instrumental in navigating the issuance process. Additionally, legal guidance is offered by Borenius Attorneys Ltd, ensuring that all operations remain compliant and run smoothly.
About Oma Savings Bank Plc
Oma Savings Bank Plc, or OmaSp, serves over 200,000 customers, which include both individual and corporate clients. With a talented team of about 500 employees, OmaSp operates 45 branches across Finland, as well as providing comprehensive digital services. The bank is dedicated to offering a wide array of banking solutions, like retail banking, credit products, investment services, and insurance options.
Customer-Centric Philosophy
At the heart of OmaSp’s mission is a commitment to delivering personalized service. The bank strives to be approachable and accessible, meeting its customers' needs through both digital channels and conventional banking services. Enhancing customer experience is a top priority, as the bank aspires to provide high-quality services.
Focus on Employee Growth
OmaSp places a strong emphasis on the professional development of its team. The bank provides numerous career advancement opportunities and promotes continuous learning within its operations. Importantly, a notable percentage of OmaSp's employees personally invest in the bank by owning shares, illustrating their commitment to its success.
Contact Information
If you have any inquiries, feel free to reach out to Sarianna Liiri, the CEO of Oma Savings Bank Plc, at +358 40 835 6712 or via email.
Frequently Asked Questions
What is the value of the bond issued by Oma Savings Bank?
The bond issued is valued at EUR 30 million.
What is the maturity date of the newly issued bond?
The bond matures on 30 September 2027.
Who are the Joint Lead Managers for this bond issuance?
The Joint Lead Managers overseeing the bond issuance are Danske Bank A/S and Landesbank Baden-Württemberg (LBBW).
What services does OmaSp offer?
OmaSp provides various services, such as retail banking, credit products, investment solutions, and mortgage banking.
How does OmaSp promote employee development?
OmaSp offers numerous opportunities for career growth and emphasizes continuous professional development for its employees.
