Bond Municipal Finance PLC 0.5% ( XS1310969503 ) in BRL

Issuer Municipal Finance PLC
Market price 100 %  ⇌ 
Country  Finland
ISIN code  XS1310969503 ( in BRL )
Interest rate 0.5% per year ( payment 1 time a year)
Maturity 17/11/2020 - Bond has expired



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Minimal amount 10 000 BRL
Total amount 320 000 000 BRL
Detailed description Municipality Finance PLC is a Finnish state-owned financial institution providing financing to Finnish municipalities and other public-sector entities.

A Look Back at Municipality Finance PLC's Matured BRL-Denominated Bond (ISIN XS1310969503) This report provides an overview of a specific bond issued by Municipality Finance PLC, which has successfully reached its maturity and been fully repaid to its investors. Identified by the ISIN code XS1310969503, this fixed-income instrument represented a notable offering in the Brazilian Real (BRL) market. The issuer, Municipality Finance PLC (MuniFin), stands as a significant financial institution within Finland's public sector. It operates as a credit institution primarily owned by Finnish municipalities, the Finnish public sector pension fund Keva, and the Republic of Finland. MuniFin's fundamental mandate is to secure funding for municipal investments across Finland, playing a vital role in local government infrastructure and public service development, alongside supporting housing production initiatives. Its strong ownership structure underpins its creditworthiness and stability in the financial markets. Key specifications of this particular bond include its classification as a standard obligation (bond). It was issued from Finland with a nominal interest rate set at 0.5%. The total size of this particular issuance was BRL 320,000,000, with a minimum lot size for purchase established at BRL 10,000, catering to institutional or larger individual investors. The bond's maturity date was set for November 17, 2020, at which point it was successfully repaid at 100% of its nominal value, reflecting its current market price at the time of maturity. Interest payments were scheduled with an annual frequency (1 payment per year). The confirmation that 'This bond has matured and been repaid' signifies the successful conclusion of its lifecycle, assuring investors of the issuer's adherence to its financial commitments.