Borenius advised Garantia on the issuance of a multi-issuer bond

We advised Garantia Insurance Company Ltd (“Garantia”) on the issuance of senior unsecured notes in the aggregate nominal amount of EUR 62.5 million by four Finnish companies and guaranteed by Garantia. The issuers are Aspo Oyj, Sarlin Group Oy Ab, Suur-Savon Sähkö Oy and Tenetor Oy Ab.

The fixed coupon rate of the notes is 3.687 per cent, and the notes will be issued on 11 April 2025. This issuance is the fifth Garantia-guaranteed multi-issuer bond for mid-market companies.

Nordea Bank Abp acted as the lead manager for the issuance of the notes.

Garantia is an independent non-life insurance company specialising in guarantee services, and it is supervised by the Finnish Financial Supervisory Authority. Garantia is a wholly owned subsidiary of Taaleri Plc and part of the Taaleri Group.