MuniFin funds its operations through international capital markets. During the past 20 years, we have established a strong presence in the main capital markets and built a reputation as one of the most flexible and investor driven borrowers.
MuniFin’s funding base is well diversified including regular issuances in core benchmark markets and a wide variety of both structured and plain vanilla private placements. We have also established a strong presence in the Japanese retail market.
Standardised debt programmes ensure broad-based demand among our investors and make us able to react quickly to investors’ demands.
Diversification of funding on various markets is one indication of MuniFin’s risk policies: all risk taking is minimised.
MuniFin’s financing is targeted solely to the Finnish public sector and affordable social housing sector. All funding is explicitly guaranteed by the Municipal Guarantee Board, rated Aa1 (Moody’s) and AA+ (Standard & Poor’s).
|Rating agency||Long term funding||Short term funding|
|Standard & Poor’s||AA+ (stable)||A-1+|
|Provider||Score & Ranking (last assessed)||Scale||Our score and latest rankings||Industry|
|ISS ESG||Score: C Prime|
Ranking: Top 20% of 136 companies
(9 August 2022)
|D-,D,D+,C-,C,C+,B-,B,B+,A-A,A+||Here (link)||Mortage & Public Sector Finance|
|Sustainalytics||Score: 9.4 Negligible Risk|
Ranking: Banks 39/989
(9 September 2022)
|Negligible, Low, Medium, High, Severe||Here (link)||Banks|
|S&P Global||ESG score: 37/100|
Ranking: percentile 85
(17 March 2023)
|0/100||Here (link)||FBN Diversified Financial Services and Capital Markets|
Ranking: Top 36 % of 62 companies
(18 April 2023)
|CCC, B, BB,BBB,A,AA,AAA||Not publicly available||Universe: MSCI ACWI constituents, Diversified Financials, n=62|