Kuntarahoitus Oyj (MuniFin) is a public financial institution in Finland, specializing in financing the country's local government and public housing sectors. It is the third-largest credit institution in Finland by total assets, behind Nordea and OP[1]. Here are some key points about Kuntarahoitus: - Ownership and Structure: MuniFin is 100% owned by the Finnish public sector, with municipalities holding 53%, Keva (a public pension fund) holding 31%, and the Republic of Finland holding 16%[3][5]. - Financing Role: It provides financing exclusively to Finnish municipalities, their majority-owned companies, and non-profit housing companies[3][5]. - Sustainability Efforts: MuniFin is the first Finnish green and social bond issuer, focusing on environmentally sustainable and socially responsible projects such as schools, public transport, and affordable housing[1][4]. - International Presence: The company raises funds from international capital markets, benefiting from a guarantee by the Municipal Guarantee Board, which links its credit ratings to those of the Finnish government (Aa1 from Moody's and AA+ from Standard & Poor's)[3][5]. - Awards and Recognition: MuniFin has received several awards for its green bond issuances, including the Best SSA ESG Bond Issuer award[4]. - Global Compact Membership: Kuntarahoitus joined the United Nations Global Compact in October 2020, committing to sustainable practices and reporting on its progress annually[2].