Municipality Finance Issues €15 Million Notes Under its MTN Programme
Municipality Finance Plc has officially announced the issuance of EUR 15 million notes as part of its Medium Term Note (MTN) programme. This important financial step highlights the company’s dedication to promoting sustainable investments for public projects.
Issuance Details
The notes are set to be issued on 2 September 2024, with a maturity date scheduled for 2 September 2054. Importantly, Municipality Finance holds the right, but not the obligation, to redeem these notes early on specific dates: 2 September 2027 and 2 September 2034.
Interest Rate and Terms
These notes offer a fixed interest rate of 3.727% per annum, ensuring investors receive a reliable income stream. Issued under MuniFin's substantial EUR 50 billion programme for debt instruments, these notes are anticipated to draw significant interest from the investment community.
Trading on the Helsinki Stock Exchange
MuniFin is taking proactive measures to have these notes listed for trading on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Trading is expected to begin on 2 September 2024, providing investors with the opportunity to actively participate in the market.
Role of Landesbank Baden-Württemberg
Landesbank Baden-Württemberg will act as the dealer for this issuance, facilitating the offering and ensuring that investors have a seamless trading experience. This collaboration bolsters MuniFin’s reputation as a trustworthy player in the financial markets.
About Municipality Finance Plc
Municipality Finance Plc, commonly referred to as MuniFin, is one of the largest credit institutions in Finland. Its ownership structure includes Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, which reflects a strong community foundation.
A Commitment to Sustainability
MuniFin is dedicated to creating a better and more sustainable future through its lending practices. Its clientele includes municipalities, joint municipal authorities, wellbeing services counties, corporate entities, and non-profit organizations that focus on projects with social and environmental responsibility.
Investment Focus Areas
The financing provided by MuniFin is aimed at vital public investment sectors, including transportation, sustainable construction, healthcare facilities, educational institutions, and support homes for individuals with special needs. This diverse approach ensures that investments enhance the overall well-being of communities.
Global Market Activity
While MuniFin primarily serves a domestic clientele, the company is also active in global capital markets. MuniFin is recognized as an innovative issuer of bonds, including the first Finnish green and social bonds, which reflect its commitment to sustainable investment practices.
For More Information
For additional details, interested individuals can contact Joakim Holmström, the Executive Vice President of Capital Markets and Sustainability, at +358 50 444 3638.
Frequently Asked Questions
What is the purpose of the EUR 15 million notes issuance?
The issuance is intended to support sustainable investments in public projects, enabling MuniFin to finance essential infrastructure and community initiatives.
What are the key terms associated with the notes?
The notes have a maturity date of 2 September 2054, an interest rate of 3.727% per annum, and options for early redemption on designated dates.
Where will the notes be traded?
The notes are expected to be traded on the Helsinki Stock Exchange, with public trading set to begin on 2 September 2024.
Who is the dealer for the notes issuance?
Landesbank Baden-Württemberg has been designated as the dealer for this issuance, ensuring a smooth transaction process for investors.
What type of projects does MuniFin fund?
MuniFin invests in environmentally and socially responsible projects, including transportation systems, healthcare facilities, and educational institutions, all aimed at enhancing community welfare.
