COBALT advised Luminor Bank in updating its EUR 3 billion Euro Medium Term Note and Covered Bond Programme

COBALT advised Luminor Bank in revising and updating its € 3 000 000 000 Euro Medium Term Note and Covered Bond Programme documentation.
Under the said programme Luminor has already previously issued € 350 and € 300 million senior unsecured inaugural bonds and € 500 million covered bonds with record low – negative – interest, with marked the first-ever issue of covered bonds in the Baltic region. The bonds are listed on the Irish Stock Exchange.

Luminor bank is the third largest financial services provider in Baltics with 2288 employees and 870 000 clients.

Our work involved revising and updating the Medium Term Note and Covered Bond programme documentation. The COBALT team consisted of Partner Marina Kotkas and Associate Christine Mägi.