Copying and distributing are prohibited without permission of the publisher
Finnvera taps capital markets
04 January 2012
The Finnish government has accepted a proposal for a Eu3 billion permanent transfer scheme to be funded by a Finnvera capital markets issuance.
Read more:
export credit agency
eca
Finnvera
lending scheme
transfer
Finnish Export Credit
FEC
capital markets
Finland
Finnvera is preparing for a capital markets issuance to fund its permanent lending programme, after the scheme won approval from the Finnish government in the final days of 2011.
The Eu3 billion facility passed on 29 December will operate in the same way as the temporary crisis response product created in 2009, but crucially funding must now come from Finnvera notes and not government funds.
The export credit agency is presently in talks with investors and ratings agencies as it gears up to issue commercial paper.
Vesteri explains: “This is a major exercise in terms of building a treasury operation in your institution and managing the excess liquidity that you are bound to have when you go to the capital markets and you don’t immediately use...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
