Municipality Finance Raises NOK 3 Billion for Sustainability

Municipality Finance Issues NOK 3 Billion in Notes

Municipality Finance Plc, a prominent credit institution from Finland, has announced an exciting development. The company is issuing NOK 3 billion in notes through its Medium Term Note (MTN) program. Scheduled for issuance soon, these notes will mature on January 15, 2030. Interestingly, they come with a floating interest rate tied to the 3-month Nibor plus an additional 25 basis points annually. This initiative is part of MuniFin's larger EUR 50 billion debt instrument program.

Details of the Financial Offering

The newly issued notes will be listed on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. Public trading of these notes is set to commence on their issuance day, a move that underscores their liquidity and accessibility to investors. For this endeavor, Nordea Bank Abp and DNB Bank ASA have been entrusted as Joint Lead Managers, guiding Municipality Finance through this financial milestone.

Impact on Sustainable Projects

Municipality Finance plays a crucial role in funding sustainable and socially responsible initiatives throughout Finland. Its diverse clientele includes municipalities, social housing organizations, and various public institutions, with fund allocations primarily directed toward vital infrastructure development. This includes enhancing public transportation systems, educational establishments, and healthcare facilities, all essential components for community well-being.

Commitment to Green Financing

This financial action reflects MuniFin's ongoing commitment to engaging with global capital markets while solidifying its position as a leader in issuing green and social bonds in Finland. The proceeds from these notes are notably backed by the Municipal Guarantee Board, ensuring a layer of security for investors and fortifying trust in this offering.

Accessibility and Investor Information

For those interested in the offering, Municipality Finance has made available its offering and supplemental circulars, including final terms of the notes, directly on its website. This transparency is part of their commitment to investor engagement. However, it is essential to proceed with caution, as the information provided should not be seen as an offer to buy or sell securities where such actions would be illegal.

Legal Considerations

Potential investors should be aware that the notes issued by Municipality Finance have not been registered under the U.S. Securities Act of 1933. Therefore, they are unavailable for sale in the United States or to U.S. persons, except under specified exemptions. This legal framework is crucial for maintaining compliance and ensuring proper market practices.

Frequently Asked Questions

What is Municipality Finance's role in Finland?

Municipality Finance is crucial for funding sustainable projects, supporting social housing, and enhancing municipal infrastructure across Finland.

What are the key details of the new NOK 3 billion notes?

The notes are set to mature on January 15, 2030, bearing a floating interest rate linked to the 3-month Nibor plus 25 basis points annually.

Who are the Joint Lead Managers for this issuance?

Nordea Bank Abp and DNB Bank ASA have been appointed as Joint Lead Managers for the NOK 3 billion notes issuance.

Where can I find more information about the issuance?

The offering details, including circulars and final terms, are available on Municipality Finance's official website.

Are these notes available for purchase in the U.S.?

No, the notes have not been registered under U.S. law and are not available for sale within the U.S. or to U.S. persons except under certain exemptions.

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