Municipality Finance Expands MTN Program with GBP 25 Million Issue
Municipality Finance Strengthens Its Market Presence
Municipality Finance Plc has recently announced the issuance of a GBP 25 million tap under its Medium Term Note (MTN) programme. This important step is part of their ongoing commitment to support sustainable community financing and infrastructure projects.
New Benchmark Tranche Details
The issuance on 27 February 2025 brings the total benchmark to an impressive GBP 350 million, initially set on 16 January 2025. The notes will come with a maturity date of 1 February 2028 and will bear a fixed interest rate of 4.625% per annum, reflecting stability and an attractive yield for investors.
Admittance and Trading Plans
MuniFin has applied for the new tranche to be listed on the Helsinki Stock Exchange, with public trading anticipated to commence shortly. This move emphasizes MuniFin’s role as a key player in the market and highlights their dedication to enhancing transparency and accessibility for investors.
Part of a Larger Debt Programme
The GBP 25 million tap is issued as a segment of MuniFin’s expansive EUR 50 billion programme for issuing debt instruments, reinforcing its position in the international capital markets. The supplementary offering circular and final terms can be found on their official website, underscoring MuniFin’s commitment to investor relations.
Role of Deutsche Bank
Deutsche Bank Aktiengesellschaft serves as the Dealer for this issuance, marking a significant collaboration intended to enhance the distribution and awareness of MuniFin’s offerings among potential investors.
About MuniFin
MuniFin, officially known as Municipality Finance Plc, stands as one of Finland’s largest credit institutions. Its diverse ownership includes Finnish municipalities, public sector entities, and the State of Finland itself, which collectively enhances its credibility and capacity to lend.
Supporting Sustainable Development
With a balance sheet surpassing EUR 53 billion, MuniFin prioritizes financing that contributes to a sustainable future. They provide loans not only to municipalities but also to various public sector organizations and enterprises focusing on environmentally and socially responsible ventures.
Investment Focus Areas
MuniFin is particularly focused on projects that encompass public transportation, healthcare facilities, educational institutions, and affordable housing. Each financed endeavour aims to foster community well-being and meet the growing demand for sustainable infrastructure.
A Global Perspective with Local Impact
While MuniFin’s clientele is primarily based in Finland, the organization acknowledges the need for global viability. This awareness drives their active participation in the international bond market, introducing innovative financial instruments such as green and social bonds, thereby addressing global issues from a local standpoint.
Contact Information
For further inquiries, reach out to Joakim Holmström, Executive Vice President of Capital Markets and Sustainability at Municipality Finance. He can be contacted via phone at +358 50 444 3638. Engaging with MuniFin’s representative can provide deeper insights into their financial instruments and corporate strategy.
Frequently Asked Questions
What is the recent issuance by Municipality Finance?
Municipality Finance has issued a GBP 25 million tap, increasing its total benchmark to GBP 350 million under its MTN programme.
What is the maturity date of the issued bonds?
The bonds have a maturity date set for 1 February 2028.
What interest rate do the notes carry?
The notes are offered with a fixed interest rate of 4.625% per annum.
Who acts as the Dealer for this issuance?
Deutsche Bank Aktiengesellschaft is serving as the Dealer for the newly issued tranche.
What sectors does MuniFin primarily support?
MuniFin focuses on financing projects in public transportation, healthcare, education, and affordable housing to foster sustainable community development.
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