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RASK prepares bond issue programme for Nordic Hypo Capital.


RASK prepared the first bond issue programme for Nordic Hypo Capital, in which two successful separate bond issues were organised as of February 2016. Bond issues are aimed at professional investors. The programme will further increase the volume of issues in the future.

Bonds issued by Nordic Hypo Capital are backed by guarantees provided by one of Estonia’s largest mortgage lenders, Nordic Hypo and its subsidiaries.

The documents of the bond issue programme include bond issue conditions prepared by RASK as well as contracts regulating the guarantee relationship between Nordic Hypo Capital and Nordic Hypo for the protection of investors.

Nordic Hypo Capital OÜ is a special-purpose association for bond issues.

Nordic Hypo AS is a creditor operating since 2010 and has grown to be one of the largest non-bank financial and credit services providers in Estonia. Among other things, Nordic Hypo offers real estate-backed loans as well as leasing and lines of credit for companies. The management of Nordic Hypo has over 20 years of experience in financial services.