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HELSINKI - Finnish credit institution Kuntarahoitus Oyj announced today it will issue a €40 million zero-coupon bond on June 23, 2025, as part of its €50 billion bond program.
The bond will mature on June 23, 2065, with Kuntarahoitus retaining the right, but not the obligation, to redeem it early on June 23, 2035.
The company has applied for the bond to be listed on the Nasdaq Helsinki exchange, with public trading expected to begin on June 24, 2025. Goldman Sachs Bank Europe SE will serve as the arranger for the issue.
Kuntarahoitus, one of Finland’s largest credit institutions, provides financing solutions to Finnish municipalities, joint municipal authorities, wellbeing services counties, their controlled entities, and state-subsidized housing production. The company’s balance sheet exceeds €53 billion.
While Kuntarahoitus serves domestic customers, it operates globally in capital markets as an active Finnish bond issuer. The company was the first Finnish issuer of green and social bonds. Its funding is guaranteed by the Municipal Guarantee Board.
The final terms and the prospectus for the bond program are available in English on the company’s website.
This information is based on a stock exchange release issued by Kuntarahoitus.
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