HELSINKI - Municipality Finance Plc announced the issuance of EUR 20 million in notes under its Medium-Term Note (MTN) program, with the offering set to take place on Tuesday. These notes, bearing interest at a floating rate tied to the 3-month EURIBOR plus a margin of 29 basis points per annum, are slated for maturity on January 21, 2030.
The issuance falls under MuniFin's expansive EUR 50 billion debt instrument program. The notes are expected to commence public trading on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, on the day of the issue.
Nordea Bank Abp (OTC:NRDBY) is serving as the dealer for this issuance. Executive Vice President of Capital Markets and Sustainability at MuniFin, Joakim Holmström, is available to provide further information regarding this financial event.
MuniFin stands as a significant credit institution in Finland, backed by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland. With a balance sheet exceeding EUR 50 billion, the company focuses on supporting investments in sustainable and socially responsible projects, including public transportation, sustainable buildings, and healthcare facilities.
The company has a strong presence in international capital markets and is recognized as the first Finnish issuer of green and social bonds. The Municipal Guarantee Board exclusively backs MuniFin’s funding.
The notes have not been registered under the U.S. Securities Act of 1933 and are not for sale within the United States or to U.S. persons, except under specific exemptions. The information in this article is based on a press release statement from Municipality Finance Plc.
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