IFLR1000

Luminor Bank €500 million 0.01% covered bond issue

4/3/2020
Covered bond issue
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€ 500 million

$ 545 million

Completed

4/3/2020

Overview:

  • Tallinn-headquartered bank Luminor issued €500 million covered bonds on Euronext Dublin.
  • The issuance, due in 2025, was made under the bank's Euro mid-term note programme and is the first covered bond issue from the Baltic region.
  • The debt securities were underpinned by Estonian assets and the final yield of the issue was in the negative at -0.18%.

Natasha Forrest - Researcher

Jurisdiction:

Estonia

Deal type:

Covered bond issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firm:
Cobalt

Party: Luminor (Issuer)

Lawyer: Marina Kotkas

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