Press release
3.6.2009 at 16.20
Aktia Real Estate Mortgage Bank issued a covered bond valued at EUR 600
million.
Aktia Real Estate Mortgage Bank carried out its second financial transaction
this year when issuing a covered bond on the international capital market.
There was a much interest among domestic and foreign investors to subscribe,
and the loan size was increased to EUR 600 million to meet this demand. 57% of
the loan was subscribed in the Nordic countries and 34% in Germany. Among the
investors there were also those who invested in Aktia Real Estate Mortgage
Bank's bonds for the first time, in spite of the fact that Moody's Investor
Services downgraded the rating of Aktia Real Estate Mortgage Bank's covered
bonds programme to Aa1 at the end of May.
The maturity in the issue is five years and it has a fixed coupon rate of
interest of 4.125%.
Upon repayment of a covered bond valued at EUR 250 million on 12 June, Aktia
Real Este Mortgage Bank's outstanding covered bond stock stands at EUR 2,225
million.
The housing loan stock of Aktia Real Estate Mortgage Bank continues to increase
this year, and the total loan stock amounted to more than EUR 2,200 million at
the end of March.
AKTIA REAL ESTATE MORTGAGE BANK PLC
For further information, please contact
Managing Director Martti Porkka, tel. +358 10 247 7201
From:
Malin Pettersson, Head of Communications, tel. +358 10 247 6369
Distribution:
Mass media