Municipality Finance Concludes Trading of EUR 100 Million Notes
Municipality Finance Ends Trading of EUR 100 Million Notes
Municipality Finance Plc has officially concluded the trading of its EUR 100 million notes, in a significant step towards optimizing its financial strategies. This decision marks a new chapter in the company's journey to enhance financial sustainability and responsible investment.
Details on the Redemption of Notes
On February 25, Municipality Finance Plc made the announcement regarding its plan to redeem the total amount of its EUR 100 million notes (XS2595681375). This was a strategic move aimed at consolidating its financial position and reallocating resources effectively. Following this announcement, Nasdaq Helsinki approved the company's application to cease trading of these notes, with the last day of trading being March 10.
The Role of Municipality Finance in Sustainable Development
MuniFin, as it is often referred to, is not just any credit institution; it stands as one of the largest in Finland. Its shareholders include Finnish municipalities, Keva (a public sector pension fund), and the State of Finland itself. With a colossal balance sheet totaling over EUR 53 billion, Municipality Finance plays a crucial role in financing various sustainable initiatives across the nation.
Focus on Sustainable Investments
MuniFin is dedicated to building a sustainable future, actively supporting municipalities, wellbeing services counties, and social housing projects. The financing is directed towards socially responsible projects, including public transportation systems, sustainable buildings, healthcare facilities, schools, and homes designed for individuals with special needs. Through these efforts, MuniFin fosters an environment where both economic growth and sustainability coexist.
Global Presence and Local Impact
While Municipality Finance primarily serves domestic clients, it operates within a vast global financial landscape. The company is a proactive issuer of bonds in international capital markets and was the first Finnish institution to issue green and social bonds. The Municipal Guarantee Board exclusively guarantees its funding, which reinforces the company's stability and attractiveness to investors.
Contact Information for Further Inquiries
For more information, interested parties can reach out to:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
Frequently Asked Questions
What are the main financial objectives of Municipality Finance?
Municipality Finance aims to sustainably finance public sector projects, focusing on environmentally and socially responsible investments.
How does Municipality Finance support local governments?
It provides funding for essential projects like public transportation and healthcare facilities, ensuring they meet community needs.
Which bonds has Municipality Finance issued?
It has been active in issuing green and social bonds to promote sustainable financing across various sectors.
What is the significance of the recent notes redemption?
The redemption allows Municipality Finance to restructure its financial portfolio, potentially attracting more investments in sustainable initiatives.
How can I learn more about Municipality Finance's initiatives?
For further insights, interested individuals can visit Municipality Finance's official website or contact their offices directly for information regarding their projects and financing activities.
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