MuniFin updates long-term funding forecast for 2020

MuniFin has updated its long-term funding forecast and expects to issue EUR 9.5 billion of long-term funding in 2020. This is EUR 1.3 billion (or 16%) more than previously estimated.

Covid-19 pandemic will impact the borrowing needs of Finnish municipalities and social housing sector. MuniFin has strengthened its position as a market leader in its own customer sectors and estimates that its market share will continue to grow in the current challenging market environment caused by the pandemic.

Based on the new forecast, MuniFin has made small changes into the execution plan. Funding for the rest of the year will be carried out mainly as originally planned: through public benchmark markets and other tactical funding markets. As of April 17, 2020 MuniFin has issued approximately EUR 5.0 billion of new funding, which corresponds to 53% of full-year target.

More information

Antti Kontio
Head of Funding
+358 50 3700 285