Municipality Finance Launches NOK 2 Billion Green Bond Issuance
Municipality Finance Announces Significant Green Bond Issuance
Municipality Finance Plc recently declared its plan to issue a remarkable NOK 2 billion green bond on 30 April. This important financial instrument marks a significant step forward in supporting sustainable projects and environmental initiatives. The bond boasts a fixed interest rate of 4.00% per annum and is set to mature on 19 August 2030.
Details of the Green Bond Offering
The green bonds are being issued as part of Municipality Finance's broader EUR 50 billion programme for debt instruments. This structured approach allows for enhanced management of financing while promoting sustainable investments. Investors can find detailed documentation regarding the offering, including the offering circular and final terms of the notes, available on the company’s website.
Trading and Market Participation
MuniFin has officially sought to have these green notes admitted for trading on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. The anticipated trading of these notes is set to begin on the same day they are issued, creating an opportunity for investors to engage promptly in the market.
Partnership with DNB Bank ASA
In facilitating this important issuance, DNB Bank ASA has been appointed as the dealer for the notes. Their involvement emphasizes the commitment to ensuring a seamless transaction process for potential investors eager to invest in municipal sustainability initiatives.
Role of MuniFin in Sustainable Development
MuniFin, known officially as Municipality Finance Plc, stands as one of Finland's largest credit institutions. The organization is infused with public spirit and is owned primarily by Finnish municipalities, the public sector pension fund Keva, and the State of Finland. This unique structure underlines its mission to foster environmentally responsible growth.
With a formidable balance sheet exceeding EUR 53 billion, MuniFin is strategically positioned to influence sustainability within public sectors. Its clientele spans municipalities, joint municipal authorities, well-being service counties, and various non-profit organizations. The financing that MuniFin provides complements a wide array of environmentally and socially responsible investment projects.
Funding for Community Needs
The loans facilitated by MuniFin are intricately designed to address critical community needs. This includes infrastructural developments such as public transportation networks, healthcare facilities, educational institutions, and housing for individuals requiring special support. By lending specifically for these initiatives, MuniFin plays a crucial role in enhancing the quality of life for residents.
Global Presence with Local Impact
Although MuniFin's customer base is predominantly domestic, the organization operates within an expansive global market. MuniFin has established itself as a leading Finnish bond issuer across international capital markets, recognized for its pioneering ventures in green and social bonds. The financing activities by MuniFin are exclusively secured by the robust Municipal Guarantee Board, ensuring a solid foundation for its financial dealings.
Connecting with Municipality Finance
For further inquiries or detailed information, Joakim Holmström, Executive Vice President for Capital Markets and Sustainability at MuniFin, is readily available at +358 50 444 3638.
Frequently Asked Questions
1. What is the purpose of the green bond issued by Municipality Finance?
The green bond aims to finance environmentally and socially responsible investment projects across various sectors including public transportation and healthcare.
2. How long until the green bond matures?
The green bond is set to mature on 19 August 2030.
3. Who can invest in the green bond?
Any investor interested in supporting sustainable initiatives can invest in the green bond, subject to the trading regulations of the Helsinki Stock Exchange.
4. What is the interest rate on the bond?
The bond has a fixed interest rate of 4.00% per annum.
5. Where can I find more information about MuniFin’s offerings?
Detailed information, including offering circulars, can be found on Municipality Finance's official website.
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