HELSINKI - Municipality Finance Plc (MuniFin) has announced the issuance of EUR 15 million in notes set for December 19, 2024, under its established Medium Term Note (MTN) program. These notes, which have a fixed interest rate of 3.21% per annum, will mature on December 22, 2054, with MuniFin retaining the option to redeem them early on December 22, 2034.
The notes are part of a more extensive EUR 50 billion debt instrument issuance program. The offering and final terms of the notes are disclosed on MuniFin's website. MuniFin has made arrangements for these notes to be listed on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading anticipated to begin on the issuance date.
Landesbank Baden-Württemberg is serving as the dealer for this issue. MuniFin, a significant credit institution in Finland, is owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, with a balance sheet exceeding EUR 50 billion.
MuniFin's focus is on financing investments that are environmentally and socially responsible, supporting public transportation, sustainable building projects, healthcare facilities, educational institutions, and housing for individuals with special needs. While MuniFin's clients are domestic, it operates on a global scale, being an active Finnish bond issuer in international capital markets and the country's pioneer in issuing green and social bonds. The funding for these notes is fully guaranteed by the Municipal Guarantee Board.
This press release statement serves as the basis for the information provided. It is important to note that the notes have not been registered under the U.S. Securities Act of 1933 and, as such, cannot be offered or sold in the United States without registration or an exemption from the registration requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.