Municipal Finance Co., Ltd.
Stock exchange release
April 4, 2024 10am (EEST)
Municipality Finance issues €50 million tap under MTN program
On April 5, 2024, Municipality Finance Plc will issue a new tranche of €50 million against the existing benchmark issued on January 18, 2023. The new tranche brings the total nominal value of the benchmark to €2 billion. The benchmark maturity date is January 18, 2028. The benchmark has a fixed interest rate of 2.875% per year.
The new tranche will be issued under MuniFin's €45 billion program for debt 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 new tranche on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Public trading is expected to begin on April 5, 2024. Existing notes of the series are accepted for trading on the Helsinki Stock Exchange.
Skandinaviska Enskilda Banken AB will act as the dealer for the issuance of the new tranche.
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 nearly 50 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 the first Finnish green social bond issuer. Funding is exclusively guaranteed by the Provincial Guarantee Board.
Read more: www.munifin.fi
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