Skip to main content

Let’s stand united. Let’s grow together.

Coop Pank is here to stay. Our goal is to boost Estonian companies and help people make their dreams come true in every corner of Estonia – in the countryside as well as in the cities. Invest in your own future and in the future of Estonia by subscribing for the subordinated bonds of the rapidly growing Coop Pank.


Offering announcement notice

Subscription for the subordinated
bonds of Coop Pank from 22 February to 03 March 2022

Rapidly growing bank
Our business volumes have grown by 40% per year in the last five years.
100% Estonian
We make all the decisions in Estonia – quickly and flexibly. We know our clients and proceed based on their expectations.
Successful integration of trade and banking
A bankcard that also works as a Coop loyalty card and makes banking services accessible in 330 Coop stores throughout Estonia.
Next generation bank
We implement innovative technologies and open banking options to provide the best possible customer experience.

Prospectus

The prospectus has been published according to the requirements of Regulation (EU) 2017/1129 of the European Parliament and of the Council, and is accessible on the websites of the Estonian Financial Supervision Authority (www.fi.ee) and Coop Pank (cooppank.ee/pakkumine). The approval of the prospectus by the Financial Supervision Authority does not constitute an approval of the offered securities. Before subscribing for the Bonds, please read the prospectus, the summary of the prospectus and the documents attached to the prospectus as references.

Strategy and financial objectives for the end of 2026

1 Number of clients >100,000

2 Net loan portfolio > €1 billion

3 Cost/income ratio <50%
Return on equity 15%

4 Financing cost <0.7%

FAQ

The public offering of the subordinated bonds of Coop Pank will take place from 22 February to 03 March 2022. You need a securities account to subscribe for the bonds. The subordinated bonds of Coop Pank can be subscribed for via all banks that manage securities accounts. See the list of account managers here.

You can use the channels made available by the account manager to submit the subscription application. The easiest way to subscribe for the bonds is via an internet bank.

You will receive instructions on how to open a securities account required for subscribing for the bonds above, and they will open in a separate window after you’ve selected your home bank where you want to open a securities account.

You will find the price lists of banks concerning investment services and securities account contracts at: 

·         LHV

·         Swedbank

·         SEB

·         Luminor

The public offering is aimed at all retail and qualified investors in Estonia.

Please see the prospectus and the appendix to the prospectus for details.

Coop Pank intends to issue up to 20,000 unsecured subordinated bonds within the scope of the bond programme. The nominal value of a bond will be 1,000 euros and the bonds will mature in 10 years from their date of issue. The volume of the planned bond programme is up to 20 million euros.

On the basis of this second series, Coop Pank will offer up to 8,000 unsecured subordinated bonds with a nominal value of 1,000 euros per bond. In the event of oversubscription of the second series, Coop Pank has the right to increase the issue volume to up to 10,000,000 euros.

In the event of oversubscription, Coop Pank has the right to increase the issue volume of the second series to up to 10,000,000 euros. In respect of the quantity of the bonds to be distributed, we have the right to prefer subscribers who are shareholders or bondholders of Coop Pank and subscribers who are clients of Coop Pank. The results and distribution of the issue will be announced on 07 March 2022 or on a date close thereto. Detailed information on the distribution of the offered bonds can be found in the prospectus.

 

The results and distribution of the issue will be announced on 07 March 2022 or on a date close thereto. After the distribution of the bonds, every subscriber can receive information on the number of the Coop Pank subordinated bonds they hold in the bank where they opened a securities account and through which they subscribed for the Coop Pank subordinated bonds.