Funding and Green Projects Evaluation
MuniFin
Copyright MuniFin
34
Appendix 3
Municipality Finance - Legal structure
Municipalities
Keva (local
government
pensions
institution)
Republic of
Finland
53%
31%
16%
Municipality Finance plc (the "Issuer")
100%
MGB is an institution under public law which was
established under the MGB Act to safeguard and
develop the joint funding of the Finnish municipal
sector. Its members (100% of the Finnish
mainland municipalities) are jointly responsible
for the obligations of MGB. Membership is
permanent.
Senior unsecured
funding guarantee
Municipal Guarantee
Board (Aa1/AA+) ("MGB")
Financial
Advisory
Services
Inspira Ltd
According to the Articles of Association, the Issuer's shares
may not be assigned to anyone other than Keva (former name
"the Local Government Pensions Institution"), municipalities,
joint municipal authorities, central organizations of
municipalities, entities wholly owned by or under the control of
municipalities or joint municipal authorities or companies
owned by such entities without the consent of the Issuer's
Board of Directors.
Inspira offers financial
advisory services for the
public sector.View entire presentation