Municipality Finance Raises €1 Billion in New Bonds

Municipality Finance Plc, one of Finland’s biggest credit firms, announced it will issue a €1 billion bond on 24 February 2026. The note matures on 14 June 2033 and pays a fixed interest rate of 2. 750% per year. The bond is part of a €50 billion debt‑raising plan that the company has been running for years. All documents, including the offering circular and final terms, are posted on the company’s website in English. The bond will be listed on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, and trading is expected to start the same day as the issue. J. P. Morgan SE, Natixis, Nordea Bank ABP and UBS Europe SE serve as joint lead managers for the deal.

Municipality Finance is owned by Finnish local governments, a public pension fund called Keva and the State of Finland. Its total assets exceed €55 billion. The bank lends mainly to municipalities, county authorities and social‑housing projects, focusing on environmentally friendly and socially responsible initiatives such as public transport, green buildings, hospitals, schools and special‑needs homes. Although its customers are domestic, the bank operates in global capital markets and was the first Finnish issuer of green and social bonds. All funding is backed by a guarantee from the Municipal Guarantee Board.

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