Aktia Life Insurance Ltd, a wholly owned subsidiary of Aktia Bank Plc, issued inaugural Solvency eligible Tier 2 Transaction of EUR 56 million on Friday 19 November 2021. The purpose of the Transaction is to further support the capital structure and solvency ratio of Aktia Life Insurance. Aktia Life Insurance is unrated entity.

The unrated and unlisted transaction required high number of investors to be canvassed and investor engagement followed through a Global Investor Call and several one-on-one meetings. After three days intensive investor work, Aktia Life Insurance opened the books on Friday 19 November 2021 and gathered high quality and diverse range of Nordic and Central European investors in the final book.

Danske Bank A/S was the sole lead and Structural Advisor of the 3%, EUR 56 million, 10nc5 transaction. The transaction size fulfilled the maximum capacity of T2 capital in Aktia Life Insurance current capital structure.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Aktia Pankki Oyj published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 14:09:06 UTC.