References/22 Sep 2022
Borenius advised Oma Savings Bank Plc on the issue of an unsecured senior-term bond of EUR 150 million
We advised Oma Savings Bank Plc (“OmaSp”) on the issue of an unsecured senior-term bond of EUR 150 million. The bond issuance 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, Landesbank Baden-Württemberg and Nordea Bank Abp.
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on its total assets. It has approximately 330 professionals that provide nationwide services through OmaSp’s 35 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.