OP Mortgage Bank to issue the first-ever green covered bond in Finland
OP Mortgage Bank will issue a green covered bond worth 750 million euros in accordance with the Green Covered Bond Framework published in November.The green covered bond is the first of its kind issued in Finland. It amounts to 750 million euros and has a maturity of 10 years. The bond is targeted at responsible institutional investors, and proceeds raised with the bond are allocated to OP Financial Group’s home loans that are recognised as green ones according to the Framework. The sector to be financed is energy-efficient residential buildings (green buildings). The bond was priced on 18