HELSINKI – Municipality Finance Plc (MuniFin) has announced the issuance of a new EUR 10 million tranche under its existing Medium-Term Note (MTN) program. This tranche, set to be issued on Friday, will increase the total nominal amount of the series to EUR 50 million, with a maturity date set for January 14, 2028.
The notes, which were initially issued on January 14, 2025, carry a floating interest rate pegged to the 3-month EURIBOR plus 18 basis points (bps) annually. This issuance falls under MuniFin’s extensive EUR 50 billion debt instrument program.
MuniFin has sought approval for the new tranche to be traded on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading expected to commence on the same day as the issuance. The existing notes in the series are already listed on the Helsinki Stock Exchange.
Skandinaviska Enskilda Banken AB (publ) has been appointed to manage the transaction as the Dealer for the new tranche. The offering circular and related documentation are accessible in English on MuniFin’s website.
MuniFin stands as one of Finland’s major credit institutions with a balance sheet exceeding EUR 50 billion. Owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, the company is a significant player in international capital markets and is recognized as Finland’s first issuer of green and social bonds. MuniFin’s funding is fully guaranteed by the Municipal Guarantee Board.
The company specializes in providing financing for projects that promote environmental and social responsibility, such as sustainable public transportation, healthcare facilities, educational institutions, and housing for individuals with special needs.
This latest financial move by MuniFin is part of its commitment to supporting sustainable development through its lending practices. The information disclosed is based on a press release statement and does not constitute an offer of securities for sale in the United States or any jurisdiction where such an offer would be unlawful.
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