Municipality Finance

SECTOR Agency
RATINGS  AA+/Aa1
RATING OUTLOOK Both stable
FUNDING VOLUME 2020/2021  €11BN/€10-11BN
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 its Green Bond Framework. MuniFin issued its first social bond in early September 2020 under its Social Bond Framework. Both frameworks have been drafted in accordance with the Green Bond Principles and Social Bond Principles and are supported by an external second-party opinion.

FOR FURTHER INFORMATION PLEASE CONTACT:

Antti Kontio
Head of Funding and Sustainability
+358 9 6803 5634
This email address is being protected from spambots. You need JavaScript enabled to view it. 
www.munifin.fi 

SUSTAINABILITY OBJECTIVE OF GSS BOND PROGRAMMES
Public transport, sustainable buildings, waste management, wastewater management, renewable energy, energy efficiency, environmental management, social housing, welfare, education.

GSS BOND PROGRAMME NAMES Green Bonds, Social Bonds
REFERENCE TAXONOMIES 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
Social: ISS ESG

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE
ISS-oekom
MSCI
Sustainalytics
ISS ESG: C+ Prime
AA
11.8