Borenius advised Oma Savings Bank Plc on the issue of a EUR 250 million covered bond in a tap issue

We advised Oma Savings Bank Plc on the issue of a EUR 250 million covered bond in a tap issue. The issue will take place under OmaSp’s EUR 3 billion bond program. OmaSp will apply for the admission of the bond to trading on Nasdaq Helsinki Ltd.

The Joint Lead Managers of the issue are Danske Bank A/S, Erste Group Bank AG and Landesbank Baden-Württemberg.

OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 330 professionals provide nationwide services through OmaSp’s 36 branch offices and digital service channels to 160,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.