Events after the review period

VVO Group plc issued a new EUR 200 million bond on 17 October 2016. The term of the secured bond is 7 years and the fixed coupon rate is 1.625 per cent per annum. The bond is secured by collateral mainly in the form of residential properties located in Finland. The transaction attracted a wide audience from investors in Finland, other Nordic countries and Europe and it was clearly oversubscribed, with subscriptions from over 40 investors. The bond will be used for financing growth investments. The bond was listed on the Nasdaq Helsinki Ltd stock exchange on 21 October 2016.

The Housing Finance and Development Centre of Finland ARA issued an adjustment decision on 20 October 2016 to increase the transfer price for the sale of 8,571 apartments by EUR 9.7 million. The decision has a positive effect of EUR 9.7 million on profit, which the company will allocate to the period 1 October–31 December 2016.