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2008-06-12 13:00:00 CEST 2008-06-12 13:00:00 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementPohjola Bank plc and Pohjola Insurance Ltd to Issue Subordinated BondsPohjola Bank plc Company Release 12 June 2008, 2.00 pm Release category: Stock Exchange Release Pohjola Bank plc and Pohjola Insurance Ltd to Issue Subordinated Bonds On 17 June 2008, Pohjola Bank plc will launch an issue of EUR 50 million in Tier 1 perpetual bond. With the Finnish Financial Supervision Authority's permission, the issuer has the right to redeem the bond prematurely in June 2013. On 17 June 2008, Pohjola Insurance Ltd will launch an issue of EUR 50 million in the capital bond included in upper Tier 2. With the Insurance Supervisory Authority's permission, the issuer has the right to redeem the bond prematurely in June 2013. Both bonds are perpetual and will be issued on a private placement basis and will not be applied for public quotation. The bonds are aimed at enhancing Pohjola Bank Group's capitalisation and supporting the business lines' growth. Pohjola Bank plc Markku Koponen Senior Vice President FOR MORE INFORMATION, PLEASE CONTACT: Ilkka Salonen, CFO, tel. +358 (0)10 252 3146 DISTRIBUTION OMX Nordic Exchange Helsinki London Stock Exchange SWX Swiss Exchange Major media www.pohjola.fi |
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