Municipality Finance Launches New EUR 50 Million Tranche

Municipality Finance Launches New EUR 50 Million Tranche

Municipality Finance Plc is excited to announce the issuance of a new tranche totaling EUR 50 million as part of its ongoing commitment to supporting sustainable development projects. This issuance is a continuation of the company's Medium-Term Note (MTN) programme, which aims to enhance its existing benchmark established earlier this year.

Background of the MTN Programme

In recent years, Municipality Finance has successfully navigated the complexities of the bond market, ensuring that it meets the funding needs of various public initiatives. The new tranche announced today increases the total nominal amount of the existing benchmark to EUR 1.700 billion. This benchmark was originally issued on 26 April 2023 and is set to mature on 29 July 2030. The attractive fixed interest rate of 3.125% per annum makes it an appealing offer for investors.

Details of the New Issuance

This new issuance under MuniFin's EUR 50 billion programme for debt instruments reflects robust market conditions and a strong appetite for investment in municipalities. The new tranche is expected to start trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki, with public trading anticipated to commence shortly after its official launch.

Role of Swedbank AB

Swedbank AB has been designated as the Dealer for this issuance, facilitating the management of this transaction and ensuring its alignment with market expectations. Their expertise in the financial sector will undoubtedly play a crucial role in the seamless execution of the bond issuance process.

Commitment to Sustainability

MuniFin, a major player in the Finnish credit market, is dedicated to fostering a sustainable future through its lending practices. The company primarily serves municipalities, public sector entities, and various non-profit organizations aimed at generating environmental and social benefits. Through its robust balance sheet, exceeding EUR 55 billion, MuniFin finances various projects including public transport systems, health care facilities, educational institutions, and housing for special needs individuals, thereby contributing to the social infrastructure of Finland.

Global Presence and Innovation

Despite its domestic focus, Municipality Finance operates within a global business environment. The firm has established itself as a leader in international capital markets, recognized as the first issuer of green and social bonds in Finland. This innovative approach not only broadens their funding sources but also reinforces their commitment to environmentally sustainable investments.

Contact Information

MuniFin encourages stakeholders seeking more information about this issuance or its sustainability initiatives to reach out directly. Joakim Holmström, the Executive Vice President of Capital Markets and Sustainability, is available for inquiries at +358 50 444 3638. Whether it's about the new tranche or the company's broader objectives, MuniFin is eager to engage with its investors.

Frequently Asked Questions

What is the purpose of the EUR 50 million tranche issued by MuniFin?

The tranche aims to support financing for public benefit projects, enhancing the total benchmark amount and enabling further investment into sustainable initiatives.

Who manages the issuance of the new tranche?

Swedbank AB has been appointed as the Dealer for the new tranche, facilitating its issuance and managing the associated financial operations.

What are the key terms of the bond?

The bond offers a fixed interest rate of 3.125% per annum, with a maturity date set for 29 July 2030.

How does MuniFin contribute to sustainability?

MuniFin finances projects that aim to create a positive environmental and social impact, such as sustainable public transport, healthcare facilities, and educational infrastructure.

Where can I find more information about MuniFin?

For more details, investors are encouraged to contact Joakim Holmström directly or visit MuniFin's website for additional resources and information about ongoing initiatives.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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