Environment
Climate

MuniFin – Green Bonds

MuniFin Green Bonds are used to finance green investments in the Finnish municipal and social housing sector. They promote the achievement of Finland’s climate targets by offering green finance for investments that have positive effects on the environment.

Size of portfolio (Millions of €)
1 400
Total impact 1 400 See all »
Size of portfolio (Millions of €)
1 400
Total impact 1 400 See all »
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Purpose

MuniFin Green Bonds are used to finance green investments in the Finnish municipal and social housing sector. They promote the achievement of Finland’s climate targets by offering green finance for investments that have positive effects on the environment.
The funding is sourced from international capital markets.
MuniFin’s Green finance can be granted for projects that belong to one of the categories of MuniFin’s Green Bonds Framework and has verifiable positive impacts on the environment. The final assessment of the project’s suitability for the green finance portfolio is made by an independent expert group.

Results

Green finance accelerates Finnish environmental projects and furthers their ambition. An incentive for this is the margin discount granted for the projects approved in the green finance portfolio. The magnitude of the discount depends on the extent of a project’s climate impact. Even on the international stage, this kind of incentive for green investments is rare in the financial sector.

MuniFin’s Green finance, in addition to environmental benefits, allows for diverse social and economic impacts, both locally and regionally.

Implementation

MuniFin is the most active Finnish bond issuer in the international capital market, and also the first-ever Finnish issuer of green bonds. The popularity of green bonds has grown rapidly in the market, as investors are looking for responsible investments. The green bonds issued by MuniFin have also been highly sought after among investors.

At the end of July 2020, MuniFin’s green portfolio amounted to EUR 1,4 billion.

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