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HELSINKI - Kuntarahoitus Oyj, one of Finland’s largest credit institutions, has announced the issuance of a 2 billion Norwegian krone green bond under its existing 50 billion euro bond program. The bond, set to be issued on April 30, 2025, carries an annual interest rate of 4.00% and is due on August 19, 2030.
This green bond initiative aligns with Kuntarahoitus’s commitment to financing environmentally sustainable and socially responsible projects. These projects typically include public transportation, sustainable construction, hospitals, health centers, schools, and housing for special groups. Kuntarahoitus’s clientele consists of Finnish municipalities and municipal federations, well-being areas, well-being consortia, state-supported housing production, and entities under their control.
The bond will be listed for public trading on the Nasdaq Helsinki exchange, with trading expected to commence on the day of issuance. DNB Bank ASA is managing the bond issuance. Further details on the bond program and the final terms of the issuance are available in English on Kuntarahoitus’s website.
Kuntarahoitus’s activities are domestic, but its operating environment is global. It is a prominent issuer of Finnish municipal bonds on international capital markets and was the first Finnish issuer of green and social municipal bonds. The funding activities of Kuntarahoitus are guaranteed by the Municipal Guarantee Board.
The information contained in this press release is based on a press release statement and is not intended for publication or distribution, in whole or in part, directly or indirectly, in any jurisdiction where such release or distribution would be unlawful. The information does not constitute an offer to sell securities in the United States, and the securities have not been registered under the U.S. Securities Act of 1933, as amended, nor are they subject to the securities laws of any state of the United States.
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