Municipality Finance issues NOK 500 million faucet under its MTN scheme
Municipality Finance Plc
Stock market press release
October 13, 2022 at 11:00 a.m. (EEST)
Municipal finance issues a NOK 500 million faucet below his NTD Program
On October 13, 2022, Municipality Finance Plc issues a new tranche in the amount of NOK 500 million for an existing series of bonds issued on October 12, 2022. With the new tranche, the total nominal amount of the bonds is 1.5 billion NOK. The maturity date of the Notes is April 12, 2027 and the Notes bear interest at a fixed rate of 3.54% per annum.
The new tranche is issued under MuniFin’s €45 billion debt issuance program. The Offering Circular, Supplemental Offering Circular and Final Terms of the Notes are 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 operated by Nasdaq Helsinki. Public trading is expected to begin on October 13, 2022. Existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
Nordea Bank Abp is acting as Dealer for the issuance of the new tranche.
MUNICIPAL FINANCING SARL
Further information :
Executive Vice President, Capital Markets and Sustainability
Phone. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, 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 amounts to nearly 47.5 billion euros.
MuniFin is building a better and more sustainable future together with its customers. MuniFin’s customers include Finnish municipalities, joint municipal authorities, municipally controlled entities, county welfare departments, as well as non-profit housing organizations. Loans are used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and health centers, schools and daycares, and homes for people with special needs.
MuniFin’s customers are national, but the company operates in a completely global trading environment. The company is a Finnish issuer of bonds active in international capital markets and Finland’s leading issuer of green and social bonds. The financing is exclusively guaranteed by the Municipal Guarantee Commission.
Read more: www.munifin.fi
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