The Mortgage Society of Finland Group’s (Hypo Group) parent company Hypo is an authorized credit institution. It is a mutual company governed by its member customers. Suomen AsuntoHypoPankki (AHP), Hypo’s wholly-owned subsidiary, is a deposit bank offering customers deposits, credit cards, banking and land trustee services. AHP is a member of the Deposit Guarantee Fund and Investor’s Compensation Fund. Hypo and AHP are monitored by the Finnish Financial Supervisory Authority (FIN-FSA).

Hypo Group’s wholesale funding issuer is the parent company Hypo. Hypo issues senior unsecured, debentures and covered bonds under the joint programme available below.  According to the Finnish Mortgage Credit Bank Act (Laki kiinnitysluottopankkitoiminnasta 16.7.2010/688) the net present value of the total amount of the covered bonds shall continuously exceed by at least 2% the total net present value of the payment liabilities resulting from the covered bonds.  In addition, Hypo is committed to continuously maintain an overcollateralization at a level commensurate with the S&P rating level of ‘AAA’.

 Funding

 Investor Presentations

Covered Bond Investor Material

Issuer Rating

On April 26, 2017 S&P Global Ratings raised its short-term counterparty credit rating on the Mortgage Society of Finland to ‘A-2’ from ‘A-3’. At the same time the ‘BBB’ long-term issuer credit rating, and its stable outlook, was affirmed.

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Covered Bond Rating

On May 10, 2016, S&P Global Ratings (S&P) assigned a ‘AAA’ rating with stable outlook to The Mortgage Society of Finland’s mortgage covered bond program and related issuances. On Sept. 27, 2016, S&P confirmed a long-term ‘AAA’ issue rating with stable outlook to a EUR 50 million covered bond tap issuance under the program. On Dec. 7, 2016, S&P confirmed a long-term ‘AAA’ issue rating with stable outlook to a new EUR 100 million covered bond issuance under the program.

The above documents are not for redistribution unless otherwise permitted.

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