Finland based Commercial Bank OP Corporate Bank plc has finalised a private placement in the EUR Floating Rate Euro Medium Term Note market. The financing matures in 2025 and was executed by a single dealer.
A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
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| Issuer Details | |
| Issuer | OP Corporate Bank plc |
| LEI | 549300NQ588N7RWKBP98 |
| Industry | Bank - Commercial |
| Country | Finland |
| Issuer Description | OP Corporate Bank plc is part of OP Financial Group, which is the largest financial services group in Finland. The Group has about four million customers. The Group has an around one-third market share of loans and deposits and more than a one-quarter market share of non-life insurance. OP Corporate Bank plc provides commercial banking services in Finland. Targeting large corporation and small- to midsized business enterprises, the company also provides investment banking, asset management, and property/casualty insurance products. OP Corporate Bank plc is the senior unsecured bond issuing entity of OP Financial Group.. OP Corporate Bank plc operates as a bank. The Bank provides non-life insurance and banking services include household, motor liability, accident, medical, and travel insurance, asset management, and other related services. OP Corporate Bank serves customers in Finland. |
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| Trade Details | |
| Security Type | MTN |
| Amount | EUR [Login to see full details] |
| Total Amount including taps | EUR [Login to see full details] |
| Total Amount Outstanding | EUR [Login to see full details] |
| Total Order Book | EUR [Login to see full details] |
| Structure | Floating Rate |
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| It came at a spread of [Login to see full details] in the Euro bond market. | |
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A Euro bond is a bond or other type of negotiable debt instrument issued in the offshore international, also called eurobond, market. The ISIN of a Euro Market bond always starts with XS. It can be denominated in any freely tradeable currency.
Check here for all issuer’s year to date financings.