Institution details
Finnfund (FINNFUND)
Key facts
- Established in 1980
- Ownership: Public
- Uudenmaankatu 16 B, 3rd fl.
- None
- https://www.finnfund.fi
Latest update: 03/12/2021
| rating type | rating agency | type | rating |
|---|---|---|---|
| Institution rating | S&P | Foreign currency | AA+ |
| Country rating | S&P | Local currency | AA+ |
Products
- Investment loans
- Other products
Investment Loans
- Direct loans to project companies
- Tenor: Medium- to long-term
- Repayment schedule is tailored to suit the project
- Provided in EUR or USD
- Collateral is determined based on the project
Other Products
- Equity financing: For minority shareholding and does not usually exceed the shareholding of the sponsor
- Funds are provided directly or through a holding company for the project company - Mezzanine financing: Includes unsecured subordinated loans, preferred shares, and convertible bonds
Performance highlights
What's new?
- Finnfund announced that it would focus more on private sector development
- The projects should have a qualified industrial sponsor strongly committed to the project
- If the sponsor is not a Finnish company, some other link to Finnish interests must be demonstrated
- The project itself must operate in a developing country or in Russia
- Finnfund’s financing is not tied to exports from Finland—it does not finance exports
- Funds with other financial institutions when necessary
- Selectively finances the local private sector through intermediaries such as private equity funds