Lombard loans on the Helsinki.
Private credit against Nasdaq Helsinki-listed shares — pledged, not sold.
A Lombard loan against Helsinki-listed shares is credit secured by a pledge of equity listed on the Nasdaq Helsinki. The holder pledges the shares, draws cash against a fraction of their market value, retains ownership and dividends subject to structuring, and recovers the position on repayment.
- Facilities are arranged against equity listed on the Nasdaq Helsinki (Nasdaq Helsinki), Helsinki.
- The pledge preserves ownership, dividends, and the upside for the holder.
- Loan-to-value is set per line; funded in EUR or cross-currency.
- Structured under FIN-FSA, with disclosure from 5%.
The venue
Historically the Helsinki Stock Exchange. Concentrated in industrials, forestry, and telecoms; Nokia's presence shapes the index profile. The Finnish disclosure regime closely tracks the EU Transparency Directive.
Regulator and disclosure
The Nasdaq Helsinki operates under Finanssivalvonta (Finnish FSA) (FIN-FSA). Securities Markets Act Ch. 9: voting-rights notifications required at 5%, 10%, 15%, 20%, 25%, 30%, 50%, 66.67%, 90%. A pledge over a substantial line is arranged with that reporting regime in view, so that the facility is both discreet and compliant, and so that positions near a control or takeover threshold are not disturbed.
Structuring a facility here
Lombard facilities against Helsinki-listed shares are typically arranged for a tenor of twelve to thirty-six months, funded in EUR or another currency on a cross-currency basis, with the collateral held by a qualified custodian under bankruptcy-remote arrangements. Non-recourse, limited-recourse, and full-recourse structures are available; the choice interacts with the loan-to-value and the spread.
| Exchange | Nasdaq Helsinki (Nasdaq Helsinki) |
|---|---|
| City · Country | Helsinki · Finland |
| Regulator | Finanssivalvonta (Finnish FSA) (FIN-FSA) |
| Disclosure | From 5% |
| Principal indices | OMX Helsinki 25 (OMXH25), OMX Helsinki All-Share |
| Segments | Main Market (Large, Mid, Small Cap); Nasdaq First North Growth Market Finland |
| Currency · Tenor | EUR · 12–36 months |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Financing a position listed on the Helsinki?
Request terms →See also the country overview: Lombard loans in Finland.
Other exchanges in the region.
On this market, specifically.
Liquidity and the index
Helsinki, part of the Nasdaq Nordic platform, is concentrated in industrials, forestry and telecoms, and Nokia's weight has long shaped the OMX Helsinki 25 and the wider market. The leading names carry the free float and turnover a Lombard loan of size needs, letting us advance against a substantial holding while any hedge or unwind stays within a session's normal volume. Below the large caps, across the Mid and Small Cap tiers and First North, liquidity is lighter, so we set a more cautious advance rate and size the facility to what the order book could absorb calmly.
Structuring notes
A Lombard credit against Finnish equity settles through Euroclear Finland and is documented locally, the shares staying in the client's ownership with dividends and votes retained. With the index leaning on a few large industrial and telecom names, single-stock concentration matters: we look through to genuine float and set the advance rate to suit. Where a holding approaches the disclosure thresholds we draw the facility and any collateral calls to avoid an unintended filing, and documentation follows Finnish law, which tracks the EU Transparency Directive on disclosure and takeovers.