Bonds diversify the funding base and increase refinancing maturity

OmaSp has been active in the bond market since 2013 when the first senior issue was carried out. Mortgage bank operations OmaSp started in September 2017 when The Financial Supervisory Authority granted Oma Säästöpankki an authorisation to conduct mortgage bank operations. The mortgage bank operates as part of Oma Säästöpankki’s banking operations. In November 2017, the bank established a EUR 1.5 billion covered bond programme. Under the programme, the bank issued covered bonds worth 250 million euros in December. On September 2019 S&P Global Ratings (S&P) granted a credit rating ‘AAA’ for Oma Säästöpankki Oyj’s mortgage covered bond program and proposed issuance.