Danish pension cash buys Finnish social bonds for sports and cheap housing

Finnish credit institution Munifin launched its first batch of Nordic social bonds last summer, with Danish pension firm AP Pension on board as an investor.

Miia Palviainen, financial analyst at Munifin, a firm that helps finance municipal social projects in Finland. | Photo: PR/ Munifin

The Nordic region's first round of social bonds came onto the market last summer, issued by one of the largest credit institutions in Finland, Munifin, owned by domestic municipalities, public sector pension fund Keva as well as the Finnish state.

Among other investors, Denmark's AP Pension has sent around DKK 200m (EUR 26.9m) to the Finnish credit group, which helps raise capital for everything from libraries to social housing projects, writes AMWatch's Danish sistermedia, FinansWatch.

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