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’.


 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’. On September 14, 2017 the ‘BBB’ long-term issuer credit rating, and its stable outlook, was affirmed.

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Covered Bond Rating

On June 28, 2017 S&P Global Ratings (S&P) assigned a ‘AAA’ (st.) long-term issue credit rating to the EUR 250 million covered bond issuance on the same date. Earlier on May 30, 2017, S&P affirmed the ‘AAA’ rating with stable outlook on The Mortgage Society of Finland’s mortgage covered bond program and related issuances.

The above documents are not for redistribution unless otherwise permitted.

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