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Okobank Osuuspank. (09IA)

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Wednesday 30 August, 2000

Okobank Osuuspank.

Issue of Debt

Okobank Osuuspankkien Keskuspankki
30 August 2000


          OKOBANK LAUNCHES A EURO 300 MILLION FLOATING RATE BOND ISSUE

OKOBANK launches under its EMTN Programme a Euro 300 million bond issue on
August 30, 2000 in the international capital markets. The principal will be paid
back in its entirety on September 15, 2003. Interest rate is 3 months Euribor
plus 12.5 basis points. Application will be made for listing of the bonds on the
London Stock Exchange.


FURTHER INFORMATION:
Mr Jorma Alanne, Assistant Director, Tel. +358-9-404 4450
Mr Markku Koponen, Assistant Director, Tel. +358-9-404 2648



                                                                                
                                                          

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