Municipality Finance
| SECTOR | Agency |
| RATINGS | AA+/Aa1 |
| RATING OUTLOOK | Both stable |
| FUNDING VOLUME 2019/20 | €7.4BN/€9.5BN |
| RISK WEIGHT, LCR LEVEL, SOLVENCY II | BIS 0% EU area, Level 1 liquid assets, 0% |
| REPO ELIGIBILITY |
ECB, ECB QE, BoE (Level B), Riksbanken (Sweden), Bank of Norway, RBNZ |
About Municipality Finance
Municipality Finance (MuniFin) is the only public-sector-owned credit institution in Finland specialising purely in the local-government sector. MuniFin offers funding to municipalities, municipal federations and organisations owned or controlled by these, and housing corporations that serve the public good, by raising funds in the Finnish and international capital markets. MuniFin was established in 2001 after the merger of the ’old’ Municipality Finance (established in 1989) and Municipal Housing Finance (established in 1993).
Sustainable funding strategy
MuniFin leads the way for sustainable investments in Finland. Munifin is a well-established issuer of green bonds issued under the Green Bonds Framework. Munifin issued its first social bond in early September 2020 under the Social Bonds Framework. Both frameworks have been drafted in accordance with the Green Bond and Social Bond Principles and are supported by an external second opinion.
SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMME
Public transport, sustainable buildings, waste management, waste-water management, renewable energy, energy efficiency, environmental management, social housing, welfare, education.
| GSS BOND PROGRAMME | Green Bonds, Social Bonds |
| REFERENCE TAXONOMY FOR THE USE OF PROCEEDS | Green Bond Principles, Social Bond Principles |
| FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED | Green Bond Principles, Social Bond Principles |
| EXTERNAL REVIEW PROVIDER |
Green: CICERO Shades of Green (medium green) |
PUBLIC ISSUER ESG RATINGS/SCORES
| INSTITUTION | RATING/SCORE |
| ISS-oekom MSCI Sustainalytics imug |
ISS ESG: C+ Prime AA 13.6 57.51%, positive (B) |
FOR FURTHER INFORMATION PLEASE CONTACT:
Antti Kontio
Head of Funding
+358 9 6803 5634
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.munifin.fi
SSA Yearbook 2023
The annual guide to the world's most significant supranational, sovereign and agency sector issuers.
