23.12.2024 08:10:03 EET |
Finnvera Oyj | Other information disclosed according to the rules
of the Exchange
Finnvera plc, Stock Exchange Release 23 December
2024
Finnvera updated the Euro Medium Term Note programme and
was accepted as an issuer on Nasdaq Helsinki
Finnvera has updated the Euro Medium Term Note (EMTN) programme
on 20 December 2024 from EUR 15 billion to EUR 17 billion. On 19
December 2024, the State of Finland has confirmed guarantee for the
debt programme and has raised the maximum amount to EUR 17 billion.
Finnvera issues bonds under the EMTN programme. The programme
has an explicit state guarantee, and its rating corresponds to
that assigned to the long-term debt of the State of
Finland (Moody’s Aa1 ja Fitch AA+).
At the end of September 2024, the outstanding bonds
issued amounted to approximately EUR 12 billion.
Finnvera uses the funds it acquires to finance export
credits. The goal of the funding is to make competitive
financing available for the clients of Finnish export
companies. The arrangement of buyer financing for foreign
buyers is often a prerequisite for closing an export deal.
Consequently, funding enhances the impact of Finnvera’s
financing operations and makes transactions possible for Finnish
export companies.
On 20 December 2024, Finnvera was accepted as an issuer on
Nasdaq Helsinki. Finnvera aims to list new bonds issued under the
EMTN programme on Nasdaq Helsinki.
“Finnvera is a State-owned Finnish financing company with an
international investor base. As a Finnish issuer we consider Nasdaq
Helsinki an obvious choice for the listing venue for Finnvera’s
bonds. In Finland, there are also other issuers operating in the
international capital market, whose bonds have been listed on
Nasdaq Helsinki”, says Funding Manager Jarno
Kosonen, responsible for the long-term funding in
Finnvera.
Further information:
Jarno Kosonen, Funding Manager, Finnvera plc tel. +358
50 386 1754
About Finnvera Oyj
Finnvera provides financing for the start, growth and
internationalisation of enterprises and guarantees against risks
arising from exports. Finnvera strengthens the operating potential
and competitiveness of Finnish enterprises by offering loans,
guarantees and other services associated with the financing of
exports. The risks included in financing are shared between
Finnvera and other providers of financing. Finnvera is a
specialised financing company owned by the State of Finland and it
is the official Export Credit Agency (ECA) of Finland.
www.finnvera.fi/eng
News Source: Finnvera Oyj