Municipality Finance Announces SEK 500 Million Notes Issuance
Municipality Finance Plc has recently issued SEK 500 million notes on the 7th of May 2025, showcasing its commitment to financing vital projects across various sectors. These funds are part of a broader initiative under the Medium Term Note (MTN) programme.
Details on the Notes Issued
The notes will mature on 28 December 2027, offering a floating interest rate tied to the 3-month Stibor rate plus a margin of 13 basis points per annum. This structure aims to provide a favorable return for investors while keeping funding costs manageable for Municipality Finance Plc.
Trading and Dealer Information
MuniFin has submitted an application for the newly issued notes to be listed on the Helsinki Stock Exchange, with public trading anticipated to commence shortly after issuance on 7 May 2025. Danske Bank A/S is serving as the Dealer responsible for this transaction, ensuring a smooth process for both issuers and investors alike.
Company Background and Commitment to Sustainability
Municipality Finance Plc, often referred to as MuniFin, stands as one of Finland’s preeminent credit institutions. Its ownership includes various Finnish municipalities, the State of Finland, and the public sector pension fund, Keva. With a balance sheet exceeding EUR 53 billion, MuniFin plays a critical role in financing local government projects.
Its customers range from municipalities and joint municipal authorities to entities involved in affordable social housing. The company has a strong focus on supporting environmentally and socially responsible investments, targeting key areas such as public transportation, sustainable building projects, healthcare facilities, and social housing initiatives.
As MuniFin operates primarily within Finland, it also engages in international capital markets, demonstrating its capacity to function within a global context. The firm is recognized as the first Finnish issuer of green and social bonds, which reflects its dedication to sustainable financial practices.
Contact Information
If you require further information regarding the recent issuance or MuniFin’s services, please reach out to:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
Phone: +358 50 444 3638
Frequently Asked Questions
What are the details of the SEK 500 million notes issued by Municipality Finance?
The notes have a maturity date of 28 December 2027 and bear an interest rate of 3-month Stibor plus 13 basis points per annum.
When does trading for the notes begin?
Public trading of the notes is expected to commence on 7 May 2025 on the Helsinki Stock Exchange.
Who oversees the note issuance process?
Danske Bank A/S is acting as the Dealer for this note issuance.
What types of projects does Municipality Finance support?
MuniFin supports projects that are environmentally and socially responsible, including public transportation, sustainable buildings, healthcare facilities, schools, and affordable housing.
How can I get more information about Municipality Finance?
You can contact Joakim Holmström, Executive Vice President, Capital Markets and Sustainability, at +358 50 444 3638 for more information.
