Bond Kuntaraha Oyj 15.6% ( XS1856141749 ) in JPY

Issuer	Kuntaraha Oyj
Market price	100 % ⇌
Country	Finland
ISIN code	XS1856141749 ( in JPY )
Interest rate	15.6% per year ( payment 1 time a year)
Maturity	24/07/2023 - Bond has expired
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Minimal amount	1 000 000 JPY
Total amount	5 285 000 000 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 overview of the bond identified by ISIN XS1856141749, issued by Kuntarahoitus Oyj, reveals key characteristics of this financial instrument which has now reached its maturity. Kuntarahoitus Oyj, also known as MuniFin, is a crucial Finnish credit institution primarily focused on providing financing for the public sector and social housing in Finland, owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, underlining its public mandate and strong backing. This specific bond, issued from Finland and denominated in Japanese Yen (JPY), featured a notable annual coupon rate of 15.6%. The total issuance size was JPY 5,285,000,000, with a minimum investment denomination set at JPY 1,000,000. With an annual payment frequency, the bond reached its scheduled maturity on July 24, 2023, at which point its market price was recorded at 100% of its principal value, confirming its successful repayment to bondholders.