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HELSINKI - Finnish credit institution Kuntarahoitus Oyj (Municipality Finance) announced Friday it will exercise its right to redeem early a €100 million bond (ISIN XS2726471944) on December 1, 2025.
The bond, which is currently listed on Nasdaq Helsinki's stock exchange list, will be fully repaid ahead of its original maturity date. Kuntarahoitus has submitted an application to delist the bond from the exchange, according to the company's press release statement.
Kuntarahoitus, one of Finland's largest credit institutions, serves Finnish municipalities, joint municipal authorities, wellbeing services counties, and state-subsidized housing production. The company has a balance sheet exceeding €55 billion.
The financial institution is owned by Finnish municipalities, Keva (Finland's largest pension provider for the public sector), and the Finnish state. Kuntarahoitus is an active issuer of bonds in international capital markets and was the first Finnish issuer of green and social bonds.
The company's funding is guaranteed by the Municipal Guarantee Board.
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