Municipality Finance Notes Transitioning Away from Trading
Municipality Finance Notes Removed from Trading
Municipality Finance Plc has recently announced a significant transition in its financial operations. The company has exercised its right to redeem its GBP 100 million notes, an important decision that reflects its strategic planning.
Details of the Redemption
On September 4, Municipality Finance revealed its intentions to fully redeem its notes identified by the code XS2902607527. In line with this, Nasdaq Helsinki has approved the removal of these notes from trading. The final day for trading was September 17, underscoring the company's commitment to refining its financial instruments.
About Municipality Finance Plc
MuniFin, or Municipality Finance Plc, is recognized as one of Finland's largest credit institutions. Its ownership consists of Finnish municipalities, the public sector pension fund Keva, and the State of Finland. The Group holds a robust balance sheet totaling over EUR 55 billion, demonstrating its strong position in the financial sector.
Commitment to Sustainability
MuniFin is dedicated to fostering a sustainable future through responsible lending. Their clientele ranges from municipalities and joint municipal authorities to well-being services counties and affordable social housing initiatives. The investments funded by MuniFin are aimed at projects that have a positive social and environmental impact, including public transportation systems, healthcare facilities, educational institutions, and homes designed for individuals with special needs.
Global Operations
While MuniFin's customer base is primarily domestic, it operates within a global business environment. The company is a proactive participant in international capital markets, recognized as the first Finnish issuer of green and social bonds. The funding initiatives undertaken by MuniFin are guaranteed exclusively by the Municipal Guarantee Board, showcasing its reliability and credibility in the market.
Further Information
For additional details, Joakim Holmström, the Executive Vice President of Capital Markets and Sustainability at MuniFin, is available for inquiries. He can be reached at +358 50 444 3638.
Frequently Asked Questions
What led to the redemption of the notes by Municipality Finance?
Municipality Finance has decided to redeem its notes as part of its financial strategy and restructuring efforts within the capital markets.
When was the last trading day for the notes?
The last trading day for the notes was on September 17, as announced by Municipality Finance.
What is MuniFin's commitment to sustainable projects?
MuniFin aims to finance investments that are environmentally and socially responsible, focusing on essential community projects.
What types of clients does MuniFin serve?
MuniFin serves a diverse clientele, including municipalities, joint authorities, and organizations focused on wellbeing and social housing.
How does MuniFin establish its credibility in global markets?
By participating actively in international capital markets and being a pioneer in issuing green and social bonds, MuniFin enhances its credibility and trust among stakeholders.
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