Municipality Finance Launches NOK 2 Billion Notes to Investors

Municipality Finance Issues NOK 2 Billion Notes

Municipality Finance Plc has embarked on a significant financial move by issuing NOK 2 billion in notes under its Medium Term Note (MTN) programme. This strategic action is set to take place shortly, with the notes slated for issuance on June 6, 2025. The notes boast a maturity date of January 6, 2031, and carry an attractive fixed interest rate of 4.125% per annum.

Overview of the MTN Programme

Debt Instrument Issuance

The newly issued notes fall under Municipality Finance's expansive EUR 50 billion programme for the issuance of various debt instruments. This programme illustrates the company's robust approach to funding, which is essential for its ongoing operations and projects aimed at promoting sustainability.

Admission to Trading

In addition to issuing these notes, Municipality Finance has initiated procedures to list them on the Helsinki Stock Exchange, thus facilitating public trading starting from June 6, 2025. This step underscores the company’s commitment to transparency and accessibility in financial markets, showcasing its reliability as an issuer.

The Role of DNB Bank ASA

DNB Bank ASA has been appointed as the dealer for this notes issuance. This partnership emphasizes Municipality Finance's strategy to work with experienced financial institutions, ensuring successful engagement in the capital market.

Commitment to Sustainability and Community Development

Investments for a Better Future

MuniFin, as it is commonly referred to, is a leading credit institution in Finland, owned by municipalities and public sector entities. The institution operates with a commendable vision of fostering a sustainable future. MuniFin’s clientele primarily comprises municipalities, wellbeing service counties, jointly governed authorities, and select non-profit organizations targeting social and environmental goals.

Environmental and Social Responsibility

Every loan or investment MuniFin undertakes serves as a catalyst for positive change. The financial support is strategically aimed at projects that enhance public infrastructure, such as schools, healthcare facilities, and sustainable transportation systems. MuniFin's dedication is evident in its focus on responsible lending, fostering developments that contribute to a better quality of life for Finnish citizens.

Global Engagement and Innovation

Although MuniFin serves primarily domestic clients, it highlights its ability to operate within a global context. The institution has made notable strides in international bond markets, establishing itself as an active issuer. Moreover, MuniFin stands out as the first issuer of Finnish green and social bonds, supporting its mission to finance environmentally friendly and socially responsible projects.

Contact and Further Information

For prospective investors or clients seeking more information, Joakim Holmström, the Executive Vice President of Capital Markets and Sustainability, is available for inquiries. He can be contacted at +358 50 444 3638 for detailed discussions regarding MuniFin’s initiatives, financial products, and long-term sustainability goals.

Frequently Asked Questions

What is the duration of the newly issued notes?

The newly issued notes have a maturity date of January 6, 2031.

What interest rate do the notes carry?

The notes offer a fixed interest rate of 4.125% per annum.

When is the public trading expected to start?

Public trading is anticipated to commence on June 6, 2025.

Who acts as the dealer for this issuance?

DNB Bank ASA serves as the dealer for the issuance of the notes.

What types of projects does MuniFin support with its loans?

MuniFin provides funding primarily for public infrastructure projects, including schools, hospitals, and sustainable buildings.

About The Author

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