Aktia Pankki Oyj issued a new EUR 500 million covered bond, due in October 2028. The bond was priced at a negative margin compared to swap rates. This was the first Finnish covered bond in 2022.

Aktia's previous corresponding issue took place in 2019. The final order book included subscription offers corresponding to over EUR 1.1 billion from over 45 investors. Most of the orders were received from the Nordic countries, approximately 43%, more than half of them from Finnish investors.

Subscription orders were also submitted for example from Germany and Austria and from the Netherlands and Luxembourg. The issuing banks were ABN Amro, Danske Bank, LBBW, Nordea and Swedbank.