Bond Kuntaraha Oyj 0% ( XS0230996240 ) in CAD

Issuer	Kuntaraha Oyj
Market price	100 % ⇌
Country	Finland
ISIN code	XS0230996240 ( in CAD )
Interest rate	0%
Maturity	07/10/2031
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Minimal amount	100 000 CAD
Total amount	40 000 000 CAD
Detailed description	Kuntarahoitus Oyj is a Finnish state-owned limited liability company providing financing services to Finnish municipalities and other public sector entities. An in-depth financial overview is provided for a specific bond, identified by ISIN code XS0230996240, issued by Kuntarahoitus Oyj. Kuntarahoitus Oyj, also known as MuniFin, is a prominent Finnish financial institution serving as the primary funding agency for Finnish municipalities, their majority-owned entities, and non-profit housing organizations; its ownership structure, comprising Finnish municipalities and the State of Finland, underscores its crucial role in providing stable and reliable financing for public services and infrastructure projects across the nation. This particular debt instrument originates from Finland, is denominated in Canadian Dollars (CAD), and represents a total issuance size of CAD 40,000,000. It matures on October 7, 2031, and is characterized by a 0% interest rate, indicating it functions as a zero-coupon bond, where investors typically do not receive periodic coupon payments but rather realize their return from the difference between the purchase price and the full face value repaid at maturity. The current market price for this bond is reported at 100% of its nominal value, suggesting it is trading at par. The minimum investment threshold for acquiring this specific bond is set at CAD 100,000, and given its zero-coupon nature, the reported payment frequency of '1' typically refers to the single principal repayment occurring upon the bond's maturity.