Alandsbanken amends covered bonds to change issuer to Borgo

Chicago, Jan. 27 – Alandsbanken Abp amended the terms and conditions for the SEK 2 billion covered bonds due May 12, 2025 (ISIN: SE0013359627) issued under a €3 billion medium-term note, covered bonds and tier 2 note program, according to a press release.

Bondholders have given consent to the amendment of the terms and conditions to allow the company to change the issuer to Borgo AB from Alandsbanken.

Alandsbanken operates in Finland and Sweden from its headquarters in Mariehamm, Aland Islands (Finland).

Borgo is a Stockholm-based mortgage company.

Alandsbanken is transferring most of its Swedish mortgage portfolio to Borgo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.