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Commentary & Deal Flow

PRICED: OP Corporate Bank €300m 2yr SP FRN; 3mE+33bp

IGC European Market: Deal Flow - General

Issuer

Term

Coupon

Maturity

Size

Ranking

Type

Spread

OP Corporate Bank

2yr

3mE+33bps

10-Apr-28

€300m

SP

Floating

3mE+33

Reoffer: 2yr: 3mE+33bp

  • Issuer: OP Corporate Bank plc
  • Legal Entity Identifier: 549300NQ588N7RWKBP98
  • Issuer Rating: Aa3, stable (Moody’s) / AA-, stable (S&P)
  • Expected Issue Ratings: Aa3 (Moody’s) / AA- (S&P)
  • Status of the Instruments: Senior Preferred, NGN, Bearer
  • Currency: EUR
  • Size: €300m
  • Tenor: 2-year
  • Denominations: €100,000
  • Trade Date: 01-Apr-26
  • Settlement and Issue Date: 10-Apr-26 (T+5)
  • Maturity Date: 10-Apr-28
  • Use of Proceeds: General corporate purposes
  • Coupon / Day Count Basis: 3mE+33bps, FRN, Quarterly, Actual / 360
  • Early Redemption: Subject to certain conditions (including prior regulatory approval), early redemption of the Instruments will be permitted for taxation reasons or upon the occurrence of an MREL Disqualification Event (partial or full disqualification)
  • ISIN: XS3338741211
  • Clearing: Euroclear / Clearstream, Luxembourg
  • Listing: Euronext Dublin
  • Governing Law: Finnish law
  • Documentation: The Issuer’s EUR 25,000,000,000 Euro Medium Term Note Programme described in the Base Prospectus dated 18-Dec-25, as supplemented from time to time (the “Programme”)
  • Target Market: The target market is eligible counterparties and professional clients (all distribution channels), each as defined in MiFID II. No PRIIPs Key Information Document (“KID”) has been prepared as the Instruments are not available to retail in the EEA
  • Advertisement: This communication is an advertisement.The Base Prospectus relating to the Programme and supplements thereto are available at: https://www.op.fi/op-ryhma/velkasijoittajat/issuers/op-corporate-bank-plc/emtn-base-prospectusesThe Final Terms relating to the Instruments, when published, will be available at: https://www.op.fi/op-ryhma/velkasijoittajat/issuers/op-corporate-bank-plc/emtn-issues
  • Selling Restrictions: As per the Programme, Reg. S Compliance Category 2, TEFRA D
  • Dealer: Barclays (Sole, B&D)
  • Timing: Priced. TOE: 15:15 (LDN). FTT: Immediately