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MuniFin celebrates 10 years of green bonds by ringing the Nasdaq Helsinki opening bell

MuniFin marks 10 years of green bonds at Nasdaq Helsinki

MuniFin celebrated 10 years of green bonds by ringing the Nasdaq Helsinki opening bell on Thursday 11 June at 10:00 EET.

In 2016, MuniFin became the first Finnish credit institution to issue green bonds and offer green finance for environmentally and climate-beneficial projects.

The Nasdaq Helsinki opening bell ceremony marked an important milestone in MuniFin’s work to enable sustainable public-sector investments and channel international capital into projects supporting Finland’s green transition. The bell was rung by our CEO Esa Kallio together with Building Manager Veli-Matti Isoaho from the City of Kokkola, which was named MuniFin’s Green Pioneer of the Year in 2023.

“Over the past decade, green finance has become an established way of enabling sustainable investments across Finland. We are proud to celebrate this milestone together with our investors, partners and customers”, says Esa Kallio.

At the end of 2025, MuniFin’s green finance portfolio stood at approximately EUR 9.1 billion, supporting more than 700 projects. Green finance has supported investments ranging from energy-efficient buildings and cleaner transport solutions to projects that strengthen biodiversity and climate resilience.

The opening bell ceremony marked not only the past ten years, but also the work ahead: continuing to enable sustainable investments and drive Finland’s green transition.

Read more about MuniFin’s green finance and its 10-year journey here.

About MuniFin’s green finance

MuniFin has offered green finance to its customers since 2016. Green finance is granted to selected projects in Finland that promote the transition to low-carbon and climate-resilient growth. These projects contribute to climate change mitigation and adaptation.

Eligible projects fall under the categories defined in MuniFin’s Green Bond Framework: buildings, transportation, renewable energy, water and wastewater management, climate change adaptation and biodiversity. S&P Global Ratings has carried out a Second Party Opinion on the framework.

To encourage climate- and environmentally sustainable investments, MuniFin grants approved green finance projects a margin discount of 0–15 basis points. The discount is based on the project’s estimated environmental benefits and the extent of its sustainability considerations in both design and implementation. MuniFin’s Green Finance Team (GFT) assesses and scores the projects. The greener the project, the larger the discount.