Bond Kuntaraha Oyj 5.5% ( XS1636548221 ) in JPY

Issuer	Kuntaraha Oyj
Market price	100 % ⇌
Country	Finland
ISIN code	XS1636548221 ( in JPY )
Interest rate	5.5% per year ( payment 1 time a year)
Maturity	22/06/2022 - Bond has expired
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Minimal amount	1 000 000 JPY
Total amount	12 691 000 000 JPY
Detailed description	Kuntarahoitus Oyj is a Finnish state-owned limited liability company providing financing services to Finnish municipalities and other public sector entities. An analysis of a specific debt instrument reveals the successful maturity and full redemption on June 22, 2022, of the bond bearing ISIN XS1636548221, issued by Kuntarahoitus Oyj, which, known internationally as MuniFin, stands as the central financial institution for the Finnish public sector, wholly owned by Finnish municipalities, Keva (the Finnish Local Government Pensions Institution), and the State of Finland, whose core mission is to provide competitive and stable financing to Finnish municipalities, municipal federations, and public housing corporations, thereby underpinning vital public services and infrastructure development, a role for which it consistently maintains high credit ratings reflecting the stability of its ownership base; this particular JPY-denominated bond featured a fixed interest rate of 5.5% and a total issuance size of JPY 12,691,000,000, with a minimum investment threshold of JPY 1,000,000, and upon its maturity, with annual interest payments, it was redeemed at its par value of 100%, concluding its financial lifecycle.