Aktia Life Insurance – Inaugural Tier 2 Transaction

We assisted Aktia Life Insurance Ltd and the sole lead and Structural Advisor Danske Bank A/S in Aktia Life Insurance’s inaugural Tier 2 transaction.

The purpose of the Transaction is to further support the capital structure and solvency ratio of Aktia Life Insurance. Aktia Life Insurance is an unrated entity.

The unrated and unlisted Tier 2 instrument required high number of investors to be canvassed. The final size of the transaction was EUR 56 million.

Aktia Life Insurance is a wholly owned subsidiary of Aktia Bank Plc.

Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 900 people around Finland. Aktia’s assets under management (AuM) on 30 June 2021 amounted to EUR 15.6 billion, and the balance sheet total was EUR 11.2 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA).