yhteisörajoitteiset

Yhteisörajoitteiset are a type of financial instrument used in the Finnish capital market to raise funds for infrastructure projects. They are issued by municipalities and other public entities to finance the construction, maintenance, and operation of public infrastructure such as roads, bridges, and public transportation systems. These instruments are designed to attract private investment by offering a share in the future revenue generated by the infrastructure project.

Yhteisörajoitteiset are typically structured as bonds or shares, with the investor receiving a fixed or variable return based on the performance of the infrastructure project. The revenue generated by the project is used to repay the principal amount of the investment, with any remaining revenue being distributed to the investors as a return.

One of the key features of yhteisörajoitteiset is that they are subject to a cap on the maximum amount that can be raised. This cap is set by the Finnish Financial Supervisory Authority (FIN-FSA) to ensure that the project does not become overly dependent on private investment. Additionally, the revenue generated by the project must be used to repay the principal amount of the investment, with any remaining revenue being distributed to the investors.

Yhteisörajoitteiset have been used in Finland since the 1990s and have become an important tool for municipalities and other public entities to finance infrastructure projects. They offer a way for private investors to participate in the development of public infrastructure while also providing a source of funding for these projects. However, they are subject to strict regulatory oversight to ensure that they are used in a responsible and transparent manner.