Bond Kuntaraha Oyj 1.245% ( XS2091674098 ) in EUR

Issuer	Kuntaraha Oyj
Market price	100 % ⇌
Country	Finland
ISIN code	XS2091674098 ( in EUR )
Interest rate	1.245% per year ( payment 1 time a year)
Maturity	10/12/2059
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Minimal amount	100 000 EUR
Total amount	3 000 000 EUR
Next Coupon	10/12/2026 ( In 273 days )
Detailed description	Kuntarahoitus Oyj is a Finnish state-owned limited liability company providing financing services to Finnish municipalities and other public sector entities. A notable long-term bond, identified by its ISIN code XS2091674098, is currently available in the fixed income market, issued by Kuntarahoitus Oyj (Municipality Finance Plc). Kuntarahoitus Oyj, commonly known as MuniFin, is a significant Finnish credit institution fully owned by the Finnish municipalities, the municipal sector's pension fund Keva, and the Finnish state. Its core mission is to provide funding to the Finnish municipal sector for various public sector projects and socially responsible investments, thereby playing a vital role in the country's infrastructure and public services development. MuniFin's strong credit standing is intrinsically linked to its public ownership structure and its strategic importance within the Finnish public finance landscape. This particular bond, issued out of Finland, carries a fixed interest rate of 1.245%, with payments distributed annually. The total issuance size for this instrument is 3,000,000 EUR, with a minimum investment size set at 100,000 EUR, catering to institutional or sophisticated investors. Currently, the bond is trading at 100% of its par value in the market. Its maturity date is notably long-dated, set for December 10, 2059, positioning it as a substantial long-term asset within a diversified fixed income portfolio.