Press release
24 February 2012
On 25 April 2012, Pohjola Bank plc will issue an index-linked bond, Pohjola Tutkimuksen Tähdet V/2012 (Pohjola Research Stars V/2012), 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 5 March 2012.
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 9 companies with the same weightings, selected by Pohjola Research: Fortum, Kone, Metso, Nokia, Nokian Tyres, Sampo, Stora Enso, TeliaSonera and Wärtsilä
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
Pohjola Bank plc is a Finnish financial services group which provides its customers with banking, non-life insurance and asset management services. Our mission is to promote the prosperity, security and wellbeing of our customers. Profitable growth and an increase in company value form our key objectives. Pohjola Group serves corporate customers in Finland and abroad by providing an extensive range of financial, investment, cash-management and non-life insurance services. We offer non-life insurance and private banking services to corporate customers. Pohjola Series A shares have been listed on the Large Cap List of the NASDAQ OMX Helsinki since 1989. The number of shareholders totals around 34,000. Pohjola's consolidated earnings before tax came to 258 million euros in 2011 and the balance sheet total amounted to 41 billion euros on 31 December 2011. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with over four million customers.