Municipality Finance Expands Debt Instruments with NOK 250M Tap

Municipality Finance Strengthens Financial Program
Municipality Finance Plc has announced the issuance of a NOK 250 million tap under its Medium-Term Note (MTN) programme. This strategic decision allows the company to enhance the previously established series of notes issued earlier this year. With the latest tranche, the overall nominal amount of these notes increases to NOK 2.250 billion, with a fixed annual interest rate of 4.125%.
A New Tranche for Sustainable Growth
On July 16, Municipality Finance plans to officially release this new tranche, further contributing to its existing offerings. The notes within this series have a maturity date set for January 6, 2031, signifying a long-term commitment to financial stability and growth. The funds raised through this issuance will support various projects aimed at sustainability and social responsibility.
Trading and Dealer Arrangements
MuniFin has submitted the necessary applications for the new tranche to be listed for trading on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. Public trading is expected to begin shortly after the issuance date, providing investors with opportunities in sustainable finance.
J.P. Morgan SE has been designated as the Dealer for this issuance, reinforcing the financial institution's commitment to maintaining robust relationships within the capital markets.
Focus on Sustainable Development
MuniFin positions itself as a leader in financing for sustainable development projects. The company primarily serves municipalities, joint municipal authorities, and various public sector entities. The capital raised through their MTN programme will facilitate investments in essential services including public transportation, healthcare, education, and social housing.
As one of Finland’s largest credit institutions, MuniFin operates actively in international capital markets, often pioneering green and social bond issuances. Its funding is exclusively secured by the Municipal Guarantee Board, ensuring stability and reliability for its investors.
Further Information about MuniFin
MuniFin is dedicated to building a more sustainable future alongside its customers, underscoring the importance of environmentally and socially responsible investments. With over EUR 53 billion in assets, MuniFin continues to shape the landscape of public finance and development.
Contact Information
If you have any queries or need further assistance, please reach out to:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
Phone: +358 50 444 3638
Frequently Asked Questions
What is the purpose of the NOK 250 million tap?
The tap is aimed at enhancing Municipality Finance's existing notes, increasing the total nominal amount which supports sustainable development projects.
When will the public trading begin for the new tranche?
Public trading for the new tranche is expected to commence on July 16.
Who acts as the Dealer for this issuance?
J.P. Morgan SE has been appointed as the Dealer facilitating the transaction.
What is the maturity date of the newly issued notes?
The maturity date for the new notes is January 6, 2031.
How does MuniFin contribute to sustainability?
MuniFin funds environmentally and socially responsible investments in areas like public transportation, healthcare, and affordable housing.
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