Municipality Finance issues $ 200 million notes under MTN program
Municipality Finance Plc
Exit on the stock market
July 14, 2021 at 10:00 a.m. (EEST)
Municipal finance issues USD 200 million tickets under the MTN program
Municipality Finance Plc issues USD 200 million notes on July 15, 2021. The maturity of the notes is five years and the maturity date is July 15, 2026. The notes bear interest at a floating rate equal to the compound Sofr plus 100 basis points per year.
The notes are issued as part of MuniFin’s â¬ 40 billion program for issuing debt instruments. The Offer Circular is available in English on the Company’s website at www.munifin.fi/investor-relations.
MuniFin has requested that the notes be admitted to trading on the Helsinki Stock Exchange managed by Nasdaq Helsinki. Public negotiation is expected to begin on July 15, 2021.
JP Morgan AG acts as broker for the issuance of the Notes.
MUNICIPALITY FINANCE PLC
More information :
Executive Vice President, Capital Markets and Sustainable Development
Phone. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of the largest credit institutions in Finland: the company’s balance sheet stands at 44 billion euros. 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 while respecting the principles of responsibility and in cooperation with its customers. MuniFin customers are Finnish municipalities, communal municipalities, entities controlled by municipalities and non-profit housing organizations. The loans are used for environmentally and socially responsible investment purposes such as public transport, sustainable buildings, hospitals and health centers, schools and daycares, and homes for people with special needs.
MuniFin’s clients are national but the company operates in a fully global business environment. It is the most active Finnish bond issuer in the international capital markets and Finland’s leading green and social bond issuer. Funding is exclusively guaranteed by the City Council guarantee.
The Municipality Finance Group also includes the subsidiary Financial Advisory Services Inspira Ltd.
Find out more: www.munifin.fi
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