Finnvera issued an EUR 1 billion bond

Finnvera issued an EUR 1 billion bond on 22 October 2025. The 5-year transaction maturing in October 2030 was Finnvera’s second benchmark bond issue in 2025 and first EUR benchmark since May 2024. 

Final order book amounted to EUR 3.4 billion, from over 90 investors. Main buyers were banks and official institutions located geographically especially in the Nordics and other European countries.

“We are very satisfied with the successful return to the SSA EUR market. Again, the quality of the investor base was very high, and the growing demand clearly indicates us that investors have a strong confidence in Finnvera's creditworthiness and in the Finnish government's guarantee. Thanks to the active investor relations work and successful timing, we achieved a good result regarding both pricing and investor demand - for which we would like to thank all our investors and banks", says Finnvera's Funding Manager Jarno Kosonen.

Joint lead managers were Danske Bank, Deutsche Bank, J.P. Morgan and Rabobank.

The bond was issued under Finnvera’s EMTN (Euro Medium Term Note) programme. Bonds issued under the EUR 17 billion programme are guaranteed by the Republic of Finland and their rating corresponds to the rating assigned to the Republic of Finland for its long-term liabilities. The rating given by Moody’s to Finnvera’s programme is Aa1 and that given by Fitch is AA.

Finnvera uses the acquired funds for financing export credits. The goal of the funding is making competitive financing available for the customers of Finnish export companies. The arrangement of buyer financing for foreign buyers is often a prerequisite for closing an export deal. Consequently, funding increases the impact of Finnvera’s financing operations and makes transactions possible for Finnish export companies.

Further information:

Jarno Kosonen, Funding Manager, Finnvera tel. +358 50 386 1754