OP Corporate extends consent solicitation on four instrument series

By Taylor Fox

New York, March 12 – OP Corporate Bank plc extended the consent solicitation in respect of its outstanding €60 million 3¾% instruments due March 1, 2022 (ISIN: XS0752059963), €50 million 3.068% instruments due Aug. 23, 2027 (ISIN: XS0819129395), €30 million 3.068% instruments due March 21, 2034 (ISIN: XS1048099367) and €30 million 3.015% instruments due March 31, 2034 (ISIN: XS1050669537) to 11 a.m. ET March 19 from 11 a.m. ET March 12, according to a news release.

Holders of instruments who have previously delivered valid instructions in favor of the relevant proposal do not need to redeliver their instructions.

OP Corporate is inviting holders to approve by way of an extraordinary resolution by unanimous consent the proposal, including modifications to the terms and conditions of the series.

A meeting of holders will be held at 5 a.m. ET March 24 via teleconference, and the results will be announced as soon as practicable after the meeting.

OP Corporate also announced the extraordinary resolutions regarding its outstanding €40 million 3% instruments due April 11, 2034 (ISIN: XS1054250748) and NOK 200 million 3.8% instruments due May 27, 2029 (ISIN: XS1069616206) have been approved by unanimous consent.

The consent fee will be paid no later than the third business day following the meeting.

The consent solicitation was announced on March 2.

Lucid Issuer Services Ltd. (+44 20 7704-0880; op@lcuid-is.com) is the tabulation and information agent.

The bank is based in Helsinki, Finland.

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