Funding

Municipality Finance engages in cost-effective funding acquisition in both domestic and international capital markets. Municipality Finance's AAA credit rating makes its investment instruments highly desired among both private individuals and institutions.

Municipality Finance's best-known product on the domestic market, the municipal bond, is suitable for all investors looking for an interest-bearing instrument to invest in for a period of a few years. Other investment products offered by Municipality Finance include KVS bonds and bonds directed at foreign institutional investors, issued within the framework of the company's loan programmes.

International funding acquisition

Municipality Finance's funding acquisition strategy is based on an active presence in the international capital markets. Standardised debt programmes ensure broad-based demand among investors and the ability to react quickly. Municipality Finance strives to take advantage of opportunities offered by the markets as a flexible debtor.

Municipality Finance has a vast worldwide network of cooperation partners. The majority of international funding acquisition is denominated in foreign currencies, but the company hedges against exchange rate risks in line with its conservative risk management policy by currency and interest swap contracts.

The majority of our funding acquisition transactions are carried out in standard form within the framework of debt programmes. Municipality Finance has the following debt programmes at its disposal:

EUR 20 bn Programme for the Issuance of Debt Instruments (EMTN Programme)

Kangaroo 1bn AUD Programme

EUR 2 bn Treasury Bill Programme

For more information on international funding acquisition, please refer to funding acquisition contact persons.