Pohjola to Issue Index-linked Bond in Equity Market
(Thomson Reuters ONE) -
On 9 November 2011, Pohjola Bank plc will issue an index-linked bond, Pohjola
Suomen Suosikit X/2011 (Pohjola Finnish Favourites X/2011), with a maximum
nominal volume of EUR 40 million. Targeted at retail investors, the bond with a
maturity of five years will be issued under Pohjola's domestic bond programme,
with the subscription period beginning on 3 October 2011.
The bond alternatives are Neutral and Plus with issue prices of 100% and 110%.
The index-linked yield is calculated by multiplying the return rate by the
relative positive change between the initial and final value of the equity
basket formed by quoted company shares.
The equity basket index comprises the following 8 companies with the same
weightings, selected by Pohjola Research: Konecranes, Metso, Nokia, Nokian
Renkaat, Rautaruukki, Stora Enso, UPM-Kymmene and YIT.
Pohjola Bank plc will act as the manager of the issue and the bond will be
listed on NASDAQ OMX Helsinki Ltd, provided that the volume issued is at least
the minimum as specified in the Rules and Regulations of NASDAQ OMX Helsinki.
The branches of OP-Pohjola Group member banks and op.fi/joukkolainat will serve
as subscription agents.
For more information, please contact:
Mr Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1549256]
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 69179
Anzahl Zeichen: 2004
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Pohjola to Issue Index-linked Bond in Equity Market"
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