Municipality Finance Strengthens Debt Instruments
Municipality Finance Plc has embarked on a significant step within its Medium-Term Note (MTN) programme by issuing a new tranche amounting to GBP 25 million. This issuance directly contributes to the existing benchmark established on 1 July 2024, which now totals GBP 280 million.
This latest financial move is strategically aimed at enhancing MuniFin’s capability to support sustainable funding projects throughout Finland. The total maturity for this benchmark is set for 9 January 2029, featuring a fixed interest rate of 4.250% per annum.
Structure of the New Tranche
Issued under an expansive EUR 50 billion programme for debt instruments, the new tranche plays a pivotal role in MuniFin’s financial structuring. The details surrounding the offering, including the offering circular, supplemental offering circular, and final terms, can be found on the company’s website.
Aside from bolstering the existing benchmark, these funds are poised to support various projects that contribute to environmental sustainability and public welfare in Finland.
Trading Information and Market Admission
Municipality Finance has taken necessary steps to have this new tranche accepted for trading on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. Market operations for the public trading of this tranche are anticipated to begin shortly after its issuance date.
This ongoing commitment to transparency and accessibility in the public bond market underscores MuniFin’s intention to maintain an active role within both domestic and global financial environments.
Dealer Information
The Bank of Montreal Europe plc has been appointed as the Dealer for the new tranche issuance. This partnership reflects MuniFin’s dedication to securing optimal financing conditions while offering investors diverse opportunities.
About Municipality Finance Plc
MuniFin (Municipality Finance Plc) stands as a significant entity in Finland's financial landscape. Owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, MuniFin boasts a robust balance sheet exceeding EUR 53 billion.
The institution is committed to fostering a future that is both sustainable and prosperous for its clients. Its clientele encompasses municipalities, joint municipal authorities, and corporate entities driven by social responsibility.
Sustainable Investment Focus
Traditionally, MuniFin has focused its lending practices on initiatives poised for positive impact, including public transportation enhancements, sustainable building projects, healthcare facilities, educational institutions, and housing for vulnerable populations.
While its clientele remains largely domestic, MuniFin operates within an international business realm and is recognized as a pioneering Finnish issuer of green and social bonds.
Contact and Additional Information
For more information regarding this issuance or further inquiries:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
MuniFin is increasingly recognized as a proactive participant in global capital markets, actively engaging with investors looking for responsible investment options. As its initiatives unfold, MuniFin's reputation for fiscal responsibility and ethical investing continues to grow.
Frequently Asked Questions
What is the purpose of the GBP 25 million issuance?
The issuance aims to enhance Municipality Finance's funding ability for sustainable projects in Finland.
Where can I find more information about the new tranche?
Details regarding the offering can be accessed on the company's official website.
Who is the dealer for this issuance?
Bank of Montreal Europe plc has been designated as the Dealer for the GBP 25 million tranche.
What is the maturity date for the new benchmark?
The maturity date for the benchmark is 9 January 2029.
How does MuniFin contribute to sustainability?
MuniFin invests in projects such as public transportation and social housing, focusing on environmentally responsible initiatives.
