Looking ahead to 2025, MuniFin sets a long-term funding target of EUR 9 billion, consistent with the 2024 issuance volumes. Watch the video with MuniFin’s Aaro Koski and Lari Toppinen as they give a recap of the past year and share a glimpse of what the new year has in store.
Long-term funding plan for 2025
The plan includes issuing approximately 60% of long-term funding through EUR and USD benchmarks, aiming for at least five such issuances. The remaining 40% will be through other public markets, such as GBP, NOK, and AUD, as well as private placements.
In 2025, there will be a slight shift in focus towards other public markets, with a maturity target of 4 to 5 years.
MuniFin will continue its strong commitment to green and social bonds in line with the Sustainability Agenda. Issuance sizes will depend on the underlying asset development of the customer financing portfolio. The company also plans to update its social and green bond frameworks, and more exciting news on the sustainable finance products will be expected soon.
A successful year on the sustainable bonds front
Reflecting on the past year, MuniFin has made significant strides in green finance. Since August, the company has successfully entered two new green bond markets. In November, MuniFin issued an inaugural SEK 4 billion green bond, and in September, a NOK 2 billion green bond, both of which were highly successful transactions. Additionally, in October, MuniFin made history in the USD market with a record-breaking USD 5.5 billion order book, the largest to date.
MuniFin is on track with its Sustainability Agenda goals, having increased the proportion of sustainable finance in its customer finance portfolio to approximately 24% (end of June), with a target of one-third by 2030.
Another significant issuance was a 1-billion-euro benchmark in August, which saw strong and geographically diverse investor demand. Overall, MuniFin issued EUR 9 billion of new long-term funding this year.