Municipal Finance Co., Ltd.
Stock exchange release
March 6, 2024 10:00 AM (EET)
Municipality Finance issues £250m benchmark under MTN program
Municipality Finance Plc will issue a £250m benchmark on 7 March 2024. The notes mature on October 2, 2028. The bonds bear interest at a fixed rate of 4.375% per year.
The bond will be issued under MuniFin's €45 billion program for bond issuance. The final terms of the offering circular, supplementary offering circular and notes are available in English on the company's website at www.munifin.fi/investor-relations.
MuniFin has applied to be allowed to trade the bonds on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Public trading is expected to begin on March 7, 2024.
JP Morgan SE, RBC Europe Limited and TD Global Finance unlimited company are acting as joint lead managers for the bond issue.
Municipal Finance PLC
Further information:
Joachim Holmström
Executive Vice President, Capital Markets and Sustainability
Phone number +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland's largest credit institutions. The company is owned by the Finnish municipality, public sector pension fund Keba, the Republic of Finland. The MuniFin Group also includes the subsidiary Financial Advisory Services Inspira Ltd. The Group's balance sheet totals nearly 50 billion euros.
MuniFin builds a better, more sustainable future together with our customers. MuniFin's customers include municipalities, joint municipal authorities, welfare service counties, legal entities under their control, and non-profit organizations appointed by the Finnish Housing Finance Development Center (ARA). The loans will be used for environmentally and socially responsible investments such as public transport, sustainable buildings, hospitals and medical centres, schools and day care centers, and housing for people with special needs.
Although MuniFin's customers are domestic, the company operates in a completely global business environment. The company is a Finnish bond issuer active in international capital markets and Finland's first green social bond issuer. Funding is exclusively guaranteed by the Provincial Guarantee Board.
Read more: www.munifin.fi
Important information
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This communication does not constitute an offer to sell any securities in the United States. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or any applicable securities laws of any state in the United States, and are not available for sale or purchase directly. You can't. indirectly, within the United States, to or for the account or benefit of a United States person, except pursuant to an applicable exemption from, or a transaction not subject to, the registration requirements of securities laws;
