Municipality Finance Issuance Boosts Funding Through New Notes

Municipality Finance Expands Its Debt Instrument Program

Municipality Finance Plc is proud to announce the issuance of a new tranche of SEK 1.5 billion under its Medium Term Note (MTN) programme. This initiative enhances the financial structure and aligns with the company's strategic vision.

Details of the New Tranche

This new issuance extends an existing series of notes that were initially issued on a previous date, bringing the total nominal amount for the notes to SEK 3.5 billion. The maturity date for this tranche is set for 1 November 2028, and these notes will have a floating interest rate estimated at 3-month Stibor plus a margin of 150 basis points.

Advantages of the MTN Programme

The MTN programme enables Municipality Finance to issue debt instruments more flexibly and respond adequately to the financial market's dynamics. It allows the company to optimize its funding and provide long-term loans to its municipal clients.

Impact on the Market

MuniFin has assembled this funding not just for its financial growth, but to further assist municipalities and local authorities in achieving their financing goals. The company has a strong history of supporting sustainable development and green initiatives across its service areas.

Admission to Trading

MuniFin has applied for these new notes to be listed and traded on the Helsinki Stock Exchange. Public trading is anticipated to commence soon, adding more liquidity and investment opportunities within the market.

Role of Swedbank as Dealer

Swedbank AB (publ) is acting as the Dealer for this issuance, providing expert guidance and ensuring a smooth process for investors interested in the new notes. This collaboration reinforces MuniFin's commitment to professional and efficient market engagement.

About Municipality Finance

MuniFin is a significant player in Finland's financial landscape, recognized for its robust balance sheet, which surpasses EUR 55 billion. The company is owned by a mix of Finnish municipalities, the State of Finland, and public sector pension funds like Keva.

Beneficiaries of MuniFin’s Capital

The company's lending services aim to target visible impact areas like healthcare, education, and public transportation. By financing sustainable projects, MuniFin plays a crucial role in fostering socially responsible developments in communities.

Focus on Sustainable Development

MuniFin emphasizes environmentally and socially responsible funding. This focus is reflected in its commitment to support municipalities in financing public services that benefit the greater community. Their active role in international capital markets aligns with their goal of being a leader in green and social funding.

Global Presence and Local Impact

While MuniFin's clients are primarily domestic, it operates within a global trading environment, bolstering its status as a reputable issuer in international bond markets. Their experience allows them to navigate global trends effectively while still adhering to local needs.

Committed to Transparency

MuniFin is dedicated to transparency within its operations. By ensuring that all offerings and financial reports are accessible, the company seeks to maintain and build trust with its stakeholders, including investors, municipalities, and the public.

Further Information About MuniFin

For any inquiries or further details, please contact Joakim Holmström, Executive Vice President of Capital Markets and Sustainability, at +358 50 444 3638. MuniFin remains at the forefront of financial services directed at enhancing quality of life for diverse communities through its responsible lending practices.

Frequently Asked Questions

What is the total amount of the notes issued by MuniFin?

The total nominal amount of the notes is currently SEK 3.5 billion.

When is the maturity date for the new tranche of notes?

The maturity date for this tranche is set for 1 November 2028.

Who acts as the Dealer for this issuance?

Swedbank AB (publ) acts as the Dealer for the issuance of the notes.

What types of projects does MuniFin finance?

MuniFin finances projects related to public transportation, healthcare, education, and affordable housing.

How does MuniFin contribute to sustainable development?

MuniFin focuses on funding environmentally and socially responsible projects for municipalities, enhancing community welfare and sustainable growth.

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