Finland's Big Move: A Billion NOK in Green Bonds

Finland's Municipality Finance Plc is making a bold move. They're issuing notes worth NOK 1 billion. These notes will mature in 2032. The interest rate isn't fixed. It floats based on the 3-month Nibor rate plus 18 basis points. This isn't a small deal. It's part of a much bigger plan. MuniFin has a EUR 50 billion program. This program is for issuing debt instruments. All the details are on their website. They're also planning to list these notes on the Helsinki Stock Exchange. Trading should start soon after the issue date.MuniFin is a big player. It's one of Finland's largest credit institutions. Their owners include Finnish municipalities and the state. They have a balance sheet over EUR 55 billion. Their customers are mostly domestic. But they operate globally. They're known for their green and social bonds. MuniFin's focus is on responsible investing. They lend for projects like public transport and sustainable buildings. Their funding is guaranteed by the Municipal Guarantee Board. This makes their bonds quite safe. But there's a catch. These notes aren't for everyone. They're not registered in the U. S. So, U. S. investors need to be careful. They can't buy these notes unless they fit certain exemptions.