Pohjola to Issue an Index-linked Bond in Equity Market
(Thomson Reuters ONE) -
18 June 2010
On 18 August 2010, Pohjola Bank plc will issue an index-linked bond, Pohjola
Vakaa Kasvu VI/2010 (Pohjola Steady Growth VI/2010), 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 28 June 2010.
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 10 companies with the same
weightings, selected by Pohjola Research: Telefonica, Telenor, TeliaSonera,
Fortum, Royal Dutch Shell, Total, GlaxoSmithKline, Merck, Novartis and Roche
Holding.
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.
Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Major media
pohjola.fi, op.fi
FOR MORE INFORMATION, PLEASE CONTACT
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
[HUG#1425217]
Unternehmensinformation / Kurzprofil:
Datum: 18.06.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 22664
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contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Pohjola to Issue an Index-linked Bond in Equity Market"
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