Municipal Finance Co., Ltd.
Stock exchange release
January 30, 2024 10am (EET)
Municipal Finance issues USD 1.5 billion benchmark under MTN program
Municipality Finance Plc will issue a USD 1.5 billion benchmark on January 31, 2024. The benchmark maturity date is January 31, 2029. The benchmark has a fixed interest rate of 4.250% per annum.
The benchmark is being issued under MuniFin's €45 billion program for debt issuance. The offering circular, the supplementary offering circular and the final terms of the benchmark are available in English on the company's website at www.munifin.fi/investor-relations.
MuniFin has applied to be allowed to trade the benchmark on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Public trading is expected to begin on January 31, 2024.
Barclays Bank Ireland PLC, Bank of Montreal Europe PLC, Citigroup Global Markets Limited and Deutsche Bank AG will act as joint lead managers for the benchmark issuance.
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's owners include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The MuniFin Group also includes the subsidiary Financial Advisory Services Inspira Ltd. The Group's balance sheet totals approximately 48 billion euros.
MuniFin builds a better, more sustainable future together with our customers. Our customers include local authorities, joint local authorities, human services counties, joint county authorities, corporations under the control of the above organizations, and affordable social housing. 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
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