Lombard loans in Finland.
Private credit against Finland-listed shares — pledged, not sold, with ownership retained.
A Lombard loan against Finland-listed shares is credit secured by a pledge of equity listed on the Helsinki. The holder pledges the shares as collateral, draws cash against a fraction of their market value, keeps beneficial ownership and dividends subject to structuring, and recovers the position in full on repayment.
- Lombard loans are arranged against shares listed on the Helsinki (Nasdaq Helsinki).
- The pledge is not a sale: ownership, dividends, and the upside stay with the holder.
- Loan-to-value is calibrated to the specific position, funded in EUR or cross-currency.
- Structured under the FIN-FSA regime, with disclosure from 5%.
Eligible collateral and venues
Lombard Financing arranges facilities against equity listed on the principal Finland venue: Nasdaq Helsinki (Nasdaq Helsinki). Eligibility at the position level turns on the liquidity and free float of the specific line, its volatility, and the size of the holding relative to its typical traded volume — the same variables that drive the loan-to-value.
Regulator and disclosure
Shares listed in Finland are regulated by Finanssivalvonta (Finnish FSA) (FIN-FSA). Substantial-shareholding disclosure is triggered from 5%, and a pledge over a large line is structured with that reporting regime in view so that the transaction remains discreet and compliant. Where a holding sits near a control or takeover threshold, the structure is arranged to avoid disturbing the position.
Funding, custody, and structuring
Facilities are typically arranged for a tenor of twelve to thirty-six months, funded in EUR or in another currency on a cross-currency basis. Throughout the facility the pledged shares are held by a qualified custodian under bankruptcy-remote arrangements, so the security is clean and the holder’s ownership is preserved. Non-recourse, limited-recourse, and full-recourse structures are available, and the choice interacts with the loan-to-value and the pricing.
| Listing venue(s) | Nasdaq Helsinki (Nasdaq Helsinki) |
|---|---|
| Regulator | Finanssivalvonta (Finnish FSA) (FIN-FSA) |
| Currency | EUR (cross-currency available) |
| Disclosure threshold | From 5% substantial-holding disclosure |
| Principal indices | OMX Helsinki 25 (OMXH25), OMX Helsinki All-Share |
| Indicative tenor | 12–36 months, renewable by agreement |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Considering a Lombard loan against a Finland-listed position?
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Disclosure and regulation
Finnish disclosure follows Chapter 9 of the Securities Markets Act, with notification to the FIN-FSA at 5% and at the higher steps to 90%, closely tracking the EU Transparency Directive. A Lombard loan against a Helsinki-listed holding leaves ownership and the vote with the client, so the pledge stays outside these flagging duties. The 5% first threshold gives a measure of room before a position becomes reportable. Where a client sits near a level, we draw the credit and its collateral terms so that even an enforcement transfer would not compel an unexpected filing or disturb a long-held family position.
An illustrative example
To illustrate, a private client with €20 million of an OMX Helsinki 25 constituent might take a Lombard loan at 50% loan-to-value, within the 20–65% band we quote, freeing roughly €10 million. Ownership stays with the client, dividends and voting rights continue, and nothing is sold. The advance can be drawn in euro or in another currency where the client's commitments fall. The numbers are rounded and hypothetical, meant only to convey the shape of a facility rather than to quote any rate or commercial term.
Illustrative only — not an offer, a quotation, or a commitment to lend.