Municipality Finance Issues EUR 1 Billion Benchmark Under Its MTN Programme
Municipality Finance Plc has announced its plan to issue a EUR 1 billion benchmark as part of its Medium Term Note (MTN) programme. This issuance is set for 29 August 2024, with the notes maturing on 29 August 2029. Importantly, these notes will offer a fixed interest rate of 2.500% per year.
Issuance Details
The EUR 1 billion benchmark plays a crucial role in Municipality Finance's broader EUR 50 billion programme for issuing debt instruments. Interested parties will be able to access the offering circular, along with the supplemental offering circular and final terms of the notes, on the company's platform.
Trading on the Helsinki Stock Exchange
MuniFin has submitted an application for these notes to be listed for trading on the Helsinki Stock Exchange, which is operated by Nasdaq Helsinki. Trading is expected to begin on the same day as the issuance, 29 August 2024. This step highlights MuniFin's proactive approach in engaging with capital markets.
Joint Lead Managers' Role
This issuance is being supported by prominent financial institutions such as NatWest Markets N.V., DZ BANK AG Deutsche Zentral-Genossenschaftsbank, J.P. Morgan SE, and Société Générale, who are serving as Joint Lead Managers. Their participation reflects a strong confidence in MuniFin's stability and its position as a key player in the financial sector.
MuniFin's Commitment to Sustainable Financing
MuniFin, also referred to as Municipality Finance Plc, is one of the largest credit institutions in Finland. It serves a diverse clientele, including municipalities, joint municipal authorities, wellbeing services counties, corporate entities associated with these organizations, and providers of affordable social housing. The company is dedicated to socially responsible lending, focusing on projects that enhance public welfare.
Investing in the Future
The funding provided by MuniFin is specifically aimed at environmentally and socially responsible investment opportunities. Typical projects include public transportation systems, sustainable building initiatives, healthcare facilities, educational institutions, and housing for individuals with special needs. MuniFin is committed to supporting initiatives that contribute to a sustainable future, showcasing its dedication to corporate social responsibility.
Global Operations with Local Impact
While MuniFin primarily serves domestic clients, it operates within a global business environment. The company is recognized as an active issuer in international bond markets and is notable for being Finland's first issuer of green and social bonds. Importantly, all funding activities are secured by the Municipal Guarantee Board, ensuring a solid backing for all initiatives.
Contact Information
For further information or inquiries regarding this issuance or Municipality Finance Plc, interested parties can reach out to:
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 is intended to support Municipality Finance's funding strategy for sustainable investments in projects that enhance public welfare.
What are the interest rates for the new notes?
The notes feature a fixed interest rate of 2.500% per annum, offering investors predictable returns.
When is the expected trading start date for the new notes?
Public trading of the notes is anticipated to begin on 29 August 2024, aligning with the issuance date.
Who are the Joint Lead Managers for this issuance?
The Joint Lead Managers for the benchmark issuance consist of NatWest Markets N.V., DZ BANK AG, J.P. Morgan SE, and Société Générale, emphasizing their collaborative effort in this significant financial undertaking.
How does MuniFin support sustainable development?
MuniFin actively invests in environmentally and socially responsible initiatives, including infrastructure projects such as public transportation and affordable social housing, with the goal of promoting a more sustainable future.
