Municipality Finance Launches New NOK 2 Billion Green Bond
Municipality Finance Launches NOK 2 Billion Green Bond
Municipality Finance Plc is making waves in the financial sector by announcing the issuance of a NOK 2 billion green bond. This significant move is part of their ongoing commitment to sustainable financing and responsible investment.
Details of the Green Bond Offering
Scheduled to be issued on 26 September 2024, the green bond has a maturity date set for 26 September 2029. Investors can expect a fixed interest rate of 3.666% per annum, showcasing the company's attractive offer in today's competitive market.
Supporting Environmental Initiatives
The funds from this green bond will be utilized under Municipality Finance's EUR 50 billion programme, which is dedicated to issuing various debt instruments. This initiative emphasizes MuniFin's pledge towards environmentally friendly projects aimed at improving societal welfare.
Investment in Sustainable Projects
MuniFin serves a diverse clientele including municipalities, joint municipal authorities, and various public service organizations. The green bond will support projects that focus on public transportation, healthcare infrastructure, sustainable buildings, and affordable social housing.
Public Trading Anticipated
Following the issuance, MuniFin plans to have the bonds admitted to trading on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. This step will allow greater access to investors and promote transparency in trading.
Partnership with Financial Institutions
The issuance is facilitated by Skandinaviska Enskilda Banken AB, acting as the Dealer in this transaction. This partnership is essential for ensuring the successful placement of the green bond and its active trading afterwards.
About Municipality Finance Plc
MuniFin, recognized as one of Finland’s largest credit institutions, plays a pivotal role in the financial landscape. It is owned by Finnish municipalities, the public sector pension fund (Keva), and the Republic of Finland, with a robust balance sheet exceeding EUR 50 billion.
Operational Reach and Global Activities
Even though MuniFin's primary customers are domestic entities, the organization positions itself within the global market, actively issuing bonds in international markets. Highlighting its achievements, MuniFin was the first Finnish issuer of green and social bonds, advocating for sustainable funding solutions.
Continuous Commitment to Corporate Responsibility
The commitment of MuniFin to uphold environmental and social governance principles reflects its dedication to responsible financing. This bond issuance is not just a financial instrument but a step towards fostering sustainable development in the region.
Frequently Asked Questions
What is the purpose of the NOK 2 billion green bond?
The green bond will finance sustainable investments, including public transportation, healthcare facilities, and affordable housing.
Who can invest in these bonds?
Investors can include municipalities, joint authorities, and institutional clients looking to support green projects.
When will public trading begin?
Public trading of the bonds is expected to start on 26 September 2024.
What are the benefits of investing in green bonds?
Green bonds not only provide competitive returns but also support environmentally and socially responsible projects, contributing to sustainability.
How does MuniFin ensure the bonds are environmentally beneficial?
MuniFin allocates the proceeds to verified sustainable projects, aligning with its commitment to social responsibility and environmental stewardship.
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