Municipality Finance Launches New Bond Notes for Investors
Municipality Finance Launches Bond Notes
Municipality Finance Plc has embarked on a significant initiative by issuing RON 106.5 million notes as part of its Medium Term Note (MTN) programme. This strategic move reflects the company's ongoing commitment to provide financial support for sustainable public investments.
Details of the Issuance
The issuance is set to occur on 27 January 2025, and these notes will carry a fixed interest rate of 6.75% per annum. This highlights Municipality Finance's goal of offering competitive and attractive investment opportunities.
Investment Programme Overview
This issuance falls under MuniFin's extensive EUR 50 billion programme designed for various debt instruments. Such a vast programme demonstrates robust financial stability and a proactive approach to funding essential public projects.
Investors and interested parties can find supporting documentation, like the offering circular, in English on the company’s website. This transparency in operations is key for building investor trust.
Market Engagement and Trading
MuniFin has applied for these notes to be traded on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. Public trading is anticipated to commence immediately after issuance on 27 January 2025, making it a timely opportunity for investors.
Role of Citigroup Global Markets
Citigroup Global Markets Europe AG has been appointed as the dealer for the issuance of these notes. Their involvement underscores the international backing and professional management that Municipality Finance benefits from.
About Municipality Finance Plc
Municipality Finance Plc is a leading credit institution in Finland, owned by Finnish municipalities, a public sector pension fund, and the Republic of Finland. With a balance sheet exceeding EUR 50 billion, MuniFin is well-positioned to support its customers, which include municipalities and public welfare entities.
Commitment to Sustainability
The company is dedicated to investing in environmentally and socially responsible projects. Funding initiatives such as public transportation, green-building projects, hospitals, education facilities, and social housing illustrates MuniFin’s impact on society. This reinforces its role in promoting sustainable development.
Global Operations
While MuniFin primarily serves domestic customers, it competes in the global financial environment. It enjoys a reputation as an active issuer of bonds in international capital markets and has successfully introduced Finland's first green and social bonds. Such engagements underline the company's adaptability and commitment to sustainable finance.
Funding Assurance
All funding activities undertaken by MuniFin are guaranteed by the Municipal Guarantee Board, adding an extra layer of security and trust for investors. This structure helps ensure that MuniFin can continuously operate without financial distress.
Frequently Asked Questions
What type of notes is Municipality Finance issuing?
MuniFin is issuing RON 106.5 million in bond notes with a fixed interest rate of 6.75% per annum.
When will the notes be available for trading?
The notes are expected to commence public trading on 27 January 2025.
Who is the dealer for the issuance?
Citigroup Global Markets Europe AG has taken on the role of the dealer for these notes.
What is the primary aim of these notes?
The notes are part of MuniFin’s efforts to fund environmentally and socially responsible public projects.
What is MuniFin’s market presence?
MuniFin is a significant credit institution in Finland and actively engages in international capital markets, ensuring its competitiveness globally.
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