Municipality Finance issues a EUR 50 million tap under its MTN programmeSource: OMX
Municipality Finance Plc
Stock exchange release
30 June 2021 at 10:30 (EET)
Municipality Finance issues a EUR 50 million tap under its MTN programme
On 1 July 2021 Municipality Finance Plc issues a new tranche in an amount of EUR 50 million to an existing benchmark issued on 21 April 2021. With the new tranche, the aggregate notional amount of the benchmark is EUR 550 million. The maturity date of the benchmark is 21 April 2028. The benchmark bears interest at a fixed rate of 0% per annum.
The new tranche is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular is 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 1 July 2021. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
Danske Bank A/S acts as the Dealer for 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’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, joint municipal authorities, 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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