Municipality Finance issues EUR 1 billion benchmark under MTN programmeSource: OMX
Municipality Finance Plc
Stock exchange release
1 March 2021 at 10:00 am (EET)
Municipality Finance issues EUR 1 billion benchmark under MTN programme
Municipality Finance Plc issues EUR 1 billion benchmark on 2 March 2021. The maturity of the benchmark is 10 years and the maturity date is 2 March 2031. The benchmark bears interest at fixed rate of 0.00% per annum.
The benchmark is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular and the supplemental offering circular are available in English on the company's website at www.munifin.fi/investor-relations.
MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 2 March 2021.
Barclays, Citi, HSBC Continental Europe and Swedbank act as the Joint Lead Managers for the issue of the benchmark.
MUNICIPALITY FINANCE PLC
Executive Vice President, Capital Markets and Sustainability
tel. +358 9 6803 5674
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals EUR 44 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.
MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.
Read more: www.munifin.fi
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