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A&O Shearman represents Kvika Bank on establishment of EUR1 billion European covered bond program

A&O Shearman represents Kvika Bank on establishment of EUR1 billion European covered bond program
A&O Shearman has advised Kvika Bank on the establishment of a EUR1bn European premium covered bond program, marking only the fourth Icelandic covered bond program and the first to be established in the market for a number of years. 
The program provides Kvika Bank with a significant platform for accessing the European capital markets through covered bond issuances, further strengthening its funding capabilities and presence in the international debt markets. 

“As only the fourth program of its kind, and the first to be established in a number of years, it reflects growing confidence among Nordic issuers in accessing the European capital markets through sophisticated structured finance platforms. We are proud to have delivered a seamless, cross-border solution for Kvika Bank as it expands its presence in the international capital markets.”

The A&O Shearman team advising Kvika Bank was led by partner Salim Nathoo alongside senior associates Graeme MacDonald and Zsuzsanna Gordos

A&O Shearman also acts for Kvika Bank on its medium-term note programme, reflecting the firm's longstanding relationship with the Icelandic bank across its capital markets activities. 

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