Bond Kuntaraha Oyj 1.63% ( XS1417012314 ) in EUR

Issuer	Kuntaraha Oyj
Market price	100 % ⇌
Country	Finland
ISIN code	XS1417012314 ( in EUR )
Interest rate	1.63% per year ( payment 1 time a year)
Maturity	24/05/2046 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	50 000 000 EUR
Detailed description	Kuntarahoitus Oyj is a Finnish state-owned limited liability company providing financing services to Finnish municipalities and other public sector entities. This financial review pertains to the bond with ISIN XS1417012314, issued by Kuntarahoitus Oyj, which has successfully reached its maturity and been repaid. Denominated in EUR, this bond carried an annual interest rate of 1.63% and was part of a total issuance of 50,000,000 units, with a minimum purchase threshold of 100,000 units. Its original maturity date was May 24, 2046. The issuer, Kuntarahoitus Oyj (Municipality Finance Plc), is a Finnish specialized credit institution primarily owned by Finnish municipalities, municipal federations, and the Republic of Finland, playing a crucial role in financing investments for local government organizations in Finland, including state-subsidized social housing. Upon its maturity, the bond was observed at a market price of 100%, signifying its full repayment and the successful conclusion of its lifecycle as a financial instrument.