Municipality Finance issues a GBP 50 million tap under its MTN programmeSource: OMX
Municipality Finance Plc
Stock exchange release
21 November 2022 at 10:00am (EET)
Municipality Finance issues a GBP 50 million tap under its MTN programme
On 22 November 2022 Municipality Finance Plc issues a new tranche in an amount of GBP 50 million to an existing benchmark issued on 17 March 2021. With the new tranche, the aggregate nominal amount of the benchmark is GBP 1.47 billion. The maturity date of the benchmark is 17 December 2025. The benchmark bears interest at fixed rate of 0.375% per annum.
The new tranche is issued under MuniFin’s EUR 45 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company's website at www.munifin.fi/investor-relations.
MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 22 November 2022. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
HSBC Continental Europe acts as the Dealer for the issue of the new tranche.
MUNICIPALITY FINANCE PLC
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. MuniFin Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd. The Group’s balance sheet totals close to EUR 47.5 billion.
MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include Finnish municipalities, joint municipal authorities, municipally-controlled entities, wellbeing services counties, as well as 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. The company is an 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.
Read more: www.munifin.fi
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