Nasdaq OMX Helsinki has started trading 60 new covered warrants issued by Danske Bank. The new range of covered warrants tracks various shares included in the OMX Helsinki 25 index.
Covered warrants can be used for trading and investment purposes as well as for hedging one’s equity portfolio.
By issuing covered warrants in Finnish Blue Chips Danske Bank aims to enable investors to utilize the price movements that mirror the market movements of the most liquid shares in OMX Helsinki index.
Danske Bank will now be issuing turbowarrants and warrants, followed by index certificates in the future.
Danske Markets Equities Finland head Jukkapekka Laurila said that the company believes that domestic clients will benefit from the fact that the financial service provider is a well established counterparty that operates in Finland and is able to give service also in the domestic languages.
Nasdaq OMX Helsinki president Lauri Rosendahl said that the entry of Danske Bank into the Finnish covered warrant market will further broaden the choice of products available to Finnish investors.