Finland—cross border banking and finance guide
Produced in partnership with Roschier Attorneys Ltd
Finland—cross border banking and finance guide

The following Banking & Finance guidance note Produced in partnership with Roschier Attorneys Ltd provides comprehensive and up to date legal information covering:

  • Finland—cross border banking and finance guide
  • Loan market and developments
  • Lending
  • Security and guarantees
  • Enforcement
  • Intercreditor issues
  • Governing law and disputes

Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.

The activity in the Finnish corporate loan markets has remained rather steady throughout the last decade. However, the market has been relatively active during 2019, with an on-going increase in the value of corporate loans as well as the overall size of the loan market. The overall sentiment on the markets is generally depicted as borrower-friendly. Certain financing structures (such as SSRCF+senior notes deals) that were earlier seen mainly in connection with English law governed documentation have also increasingly been implemented in deals governed by Finnish law. Industrial, scientific and technical as well as real estate finance have proportionally been the most active sectors of the loan market.

The Finnish bond markets experienced an active year in 2018 with a 29% increase in total value compared to the previous year. However, the overall growth rate in the bond markets is slowing down.

Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.

An electronic register for housing company units has been implemented in Finland and the new legislation entered into force in the beginning of 2019. The