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Alandsbanken amends covered bonds to change issuer to Borgo
Chicago, Jan. 27 – Alandsbanken Abp amended the terms and conditions for the SEK 2 billion covered bonds due May 12, 2025 (ISIN: SE0013359627) issued under a €3 billion medium-term note, covered bonds and tier 2 note program, according to a press release.
Bondholders have given consent to the amendment of the terms and conditions to allow the company to change the issuer to Borgo AB from Alandsbanken.
Alandsbanken operates in Finland and Sweden from its headquarters in Mariehamm, Aland Islands (Finland).
Borgo is a Stockholm-based mortgage company.
Alandsbanken is transferring most of its Swedish mortgage portfolio to Borgo.
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