Bond Municipal Finance PLC 0% ( XS2131201662 ) in EUR

Issuer	Municipal Finance PLC
Market price	100 % ⇌
Country	Finland
ISIN code	XS2131201662 ( in EUR )
Interest rate	0%
Maturity	06/09/2022 - Bond has expired
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Minimal amount	100 000 EUR
Total amount	50 000 000 EUR
Detailed description	Municipality Finance PLC is a Finnish state-owned financial institution providing financing to Finnish municipalities and other public-sector entities. A specific fixed-income instrument, identified by ISIN XS2131201662, has successfully reached its maturity and been fully redeemed. This particular bond was issued by Municipality Finance PLC, a prominent Finnish credit institution primarily owned by Finnish municipalities, whose core mission involves providing funding for local government projects and public utility companies within Finland, thereby supporting essential public infrastructure and services. Originally issued from Finland in Euros (EUR), the bond represented a total issuance size of EUR 50,000,000, with a minimum investment lot set at EUR 100,000. Noteworthy for its zero-coupon structure, the instrument bore an interest rate of 0% and was priced at 100% in the market at the time of its active trading prior to maturity, indicating it was issued at par with no accrued interest payments. The bond's maturity date was precisely set for September 6, 2022, and it has since been confirmed that, as of this date, all principal obligations were settled, marking its full repayment and removal from active circulation within the financial markets.