Municipality Finance Launches EUR 1 Billion Benchmark Notes
Municipality Finance Issues EUR 1 Billion Benchmark Under Its MTN Programme
Municipality Finance Plc has announced the issuance of a EUR 1 billion benchmark under its Medium Term Note (MTN) programme. The launch is scheduled for 29 August 2024, and the notes will mature on 29 August 2029. Notably, these notes will carry a fixed interest rate of 2.500% per annum.
Details of the Issuance
The EUR 1 billion benchmark is a significant part of Municipality Finance's EUR 50 billion programme for issuing debt instruments. The offering circular, along with the supplemental offering circular and final terms of the notes, will be accessible on the company's platform.
Trading on Helsinki Stock Exchange
MuniFin has applied for these notes to be admitted for trading on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Trading is anticipated to commence on the same day as the issuance, 29 August 2024. This move reflects MuniFin's active engagement in capital markets.
Role of Joint Lead Managers
Working on this issuance are notable financial institutions including NatWest Markets N.V., DZ BANK AG Deutsche Zentral-Genossenschaftsbank, J.P. Morgan SE, and Société Générale, who are acting as Joint Lead Managers. Their involvement indicates confidence in the stability and attractiveness of MuniFin as a leading player in the financial markets.
MuniFin's Commitment to Sustainable Financing
MuniFin, also known as Municipality Finance Plc, is one of Finland’s largest credit institutions. It caters to a wide range of clients, including municipalities, joint municipal authorities, wellbeing services counties, corporate entities connected to these organizations, and providers of affordable social housing. The company focuses on socially responsible lending aimed at projects that boost public welfare.
Investing in the Future
The funding from MuniFin is specifically targeted at environmentally and socially responsible investment opportunities. Typical projects funded include public transportation systems, sustainable building initiatives, healthcare facilities, educational institutions, and housing for individuals with special needs. MuniFin actively supports initiatives that contribute to a sustainable future, demonstrating its commitment to corporate social responsibility.
Global Operations with Local Impact
Even though MuniFin’s clientele is primarily domestic, the company operates within a global business context. It is recognized for being an active issuer in the international bond markets, standing out as Finland's first issuer of green and social bonds. Notably, all funding activities are guaranteed by the Municipal Guarantee Board, providing a secure backing for all initiatives.
Contact Information
For more insights or inquiries about this issuance or Municipality Finance Plc, interested parties can contact:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
Frequently Asked Questions
What is the purpose of the EUR 1 billion benchmark issued by Municipality Finance?
The EUR 1 billion benchmark aims to support Municipality Finance's funding strategy for sustainable investments in projects that benefit public welfare.
What are the interest rates for the new notes?
The notes have a fixed interest rate of 2.500% per annum, providing predictable returns for investors.
When is the expected trading start date for the new notes?
Public trading of the notes is expected to commence on 29 August 2024, coinciding with the issuance date.
Who are the Joint Lead Managers for this issuance?
The Joint Lead Managers for the benchmark issuance include NatWest Markets N.V., DZ BANK AG, J.P. Morgan SE, and Société Générale, highlighting their collaborative effort in this significant financial move.
How does MuniFin support sustainable development?
MuniFin actively invests in environmentally and socially responsible initiatives, including infrastructure projects like public transportation and affordable social housing, aiming to foster a more sustainable future.
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