Finnvera funds its activities primarily by issuing notes under the Euro Medium Term Note (EMTN) programme guaranteed by the State of Finland. The notes have the same credit rating as the State of Finland: Aa1 from Moody’s and AA+ from Standard & Poor’s.

The EMTN programme enables a rapid response to Finnvera’s funding needs and to changes on the market. The State’s guarantee and the loan programme conforming to international practices strengthen Finnvera’s position among investors.

In April 2016, Finnvera issued a 10-year, fixed-rate note of one billion euros.

Finnvera uses the funds acquired for SME financing and for financing export credits. By means of currency and interest rate swaps, Finnvera converts the funds acquired into euros or US dollars, depending on the final use of the funds. Finnvera’s annual funding totals approximately EUR 1–2 billion. The rise in the authorisation to grant export credits, which came into effect at the beginning of January 2017, will possibly raise Finnvera’s annual funding in the coming years.


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