NEW ISSUE: Finnvera US$1bn WNG 5yr Sr Unsec; SOFR MS+37a
IGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
IPT
Finnvera
5yr
29-May-31
US$1bn WNG
Sr Unsec
Fixed
SOFR MS+37a
IPTs: 5yr: SOFR MS+37a (currently equates to ~CT5+11.1)
Issuer: Finnvera (Finland's Export Credit and SME Financing Agency and guaranteed by the Republic of Finland)
Ticker: FINNVE
Ratings: Aa1/AA (Moody's/Fitch - Stable/Stable)
Format: Reg S/144A
Size: US$1bn (No grow)
Maturity: 29-May-31 (5yr)
Settlement: 29-May-26 (T+5)
Coupon: Fixed S/A, 30/360
IPTs: SOFR MS S/A 30/360 +37a, currently equates to ~CT5+11.1
Governing Law: English
Listing: Nasdaq Helsinki
Denominations: US$200k + US$2k
Docs: Issuer's EMTN Programme
Target Market: Manufacturer target market (MiFID II/UK MiFIR product governance) is eligible counterparties and professionals only (all distribution channels)
Leads: BNP/BofA/Citi/RBC
Fees: A fee will be paid in connection to the transaction