In September 2010, Pohjola Bank issued a senior seven-year bond worth EUR 750 million, a benchmark size transaction in the euro market. Crédit Agricole CIB acted as joint bookrunner alongside Barclays, JP Morgan and Pohjola Bank.
 
This issue was oversubscribed:  the order book reached over EUR 1 billion. Over 90 investors from 19 different countries participated in this transaction and 34% of the total amount was French distribution.

This transaction is part of the Pohjola Bank’s annual funding program as the bank issues one to three such senior bond transactions per year.

“Crédit Agricole CIB and Pohjola Bank, both belonging to the UNICOUnico Banking Group, which was founded in 1977, is a group of eight banks that have a cooperative background and origin. In 1997, the group was formally registered as a European Economic Interest Group (EEIG), and in 2003 its headquarters moved from Amsterdam to Brussels.

The Group's current full members are: Crédit Agricole S.A. (France), DZ BANK (Germany), ICCREA Holding (Italy), Pohjola Bank plc (Finland), Rabobank (The Netherlands) and RZB Group (Austria). Banco Cooperativo Español (Spain) and Raiffeisen Schweiz (Switzerland) are associate members.
 group, have long-lasting, very good and close relationships” explains Antti Neva, Senior Banker.

OP-Pohjola Group is a Finnish Bank Group providing banking, non-life insurance and asset management services.