Oma Savings Bank Secures EUR 200 Million with New Bond Issuance

Oma Savings Bank’s New Bond Issuance
Oma Savings Bank Plc has announced the issuance of an unsecured senior-term bond amounting to EUR 200 million. This initiative is a critical step in their ongoing bond program aimed at enhancing their financial capacity and operational growth.
Details of the Bond Offering
The bond is set to mature on 2 October 2029 and will carry a floating interest rate. It is important to note that the International Securities Identification Number (ISIN) for this bond is FI4000592340. This bond issuance signifies OmaSp’s commitment to maintaining a robust financial structure and supporting its diverse banking operations.
Involvement of Financial Institutions
This bond issuance will be conducted under the auspices of OmaSp's substantial EUR 4 billion bond program. The bond program received their approval on 27 May 2025 from the Finnish Financial Supervisory Authority (FIN-FSA), an important benchmark in ensuring regulatory compliance and transparency in their financial dealings.
Trading and Coordination Details
OmaSp aims to have the new bonds admitted for public trading on Nasdaq Helsinki Ltd. The issuance is being managed by an esteemed group of financial institutions. Danske Bank A/S serves as the Global Coordinator and Joint Lead Manager, along with partners such as DekaBank Deutsche Girozentrale, Erste Group Bank AG, and Skandinaviska Enskilda Banken AB (publ). To navigate the legal aspects, Borenius Attorneys Ltd is appointed as the legal advisor.
About Oma Savings Bank
Oma Savings Bank, committed to being a solvent and profitable entity, serves over 200,000 private and corporate clientele through 48 branches and extensive digital platforms. Their model emphasizes retail banking, offering a comprehensive array of services that includes credit, investment, and loan insurance products. This scope of services is vital in today’s financial landscape.
Customer-Centric Approach
At the heart of OmaSp's ethos is the dedication to providing personal service. They focus on being accessible, both through traditional and digital channels. The bank's commitment to delivering a premium customer experience is evident in their operations, aimed at ensuring that every interaction is valuable for the customer. The team's dedication to service and customer satisfaction is further enriched by career development opportunities within the bank, fostering a committed workforce.
Conclusion
With this recent bond issuance, Oma Savings Bank Plc is reinforcing its position in the financial sector and enhancing its ability to offer various banking solutions. Continuing to innovate and adapt to the needs of its customers remains a priority for OmaSp, demonstrating their ongoing dedication to excellence in banking services.
Frequently Asked Questions
What is the purpose of the EUR 200 million bond issuance?
The bond issuance aims to enhance Oma Savings Bank's financial capacity and support its operations under a broader bond program.
When does the bond mature?
The bond is set to mature on 2 October 2029, providing long-term financing for the bank's initiatives.
What is the role of Danske Bank in this issuance?
Danske Bank A/S acts as the Global Coordinator and Joint Lead Manager for the bond issuance, facilitating the process.
How many customers does OmaSp serve?
Oma Savings Bank serves over 200,000 private and corporate customers across its branches and digital channels.
What differentiates OmaSp's banking approach?
OmaSp focuses on providing personalized service to its customers, ensuring accessibility and a premium experience that addresses the evolving market needs.
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