Municipality Finance Raises EUR 20 Million Through Notes Issuance

Municipality Finance Successfully Issues EUR 20 Million Notes

Municipality Finance Plc has recently announced the issuance of EUR 20 million in notes, signaling its ongoing commitment to sustainable financial solutions. This issuance falls under its Medium Term Note (MTN) programme.

Details of the Notes Issuance

The notes were issued on January 14, with a maturity date set for three years later, on January 14, 2028. Investors can expect a variable interest rate that is calculated as 3-month EURIBOR plus an additional 18 basis points per annum, a structure designed to appeal to diverse investor profiles.

Application for Trading

To enhance liquidity and market access, Municipality Finance has submitted an application for these notes to be listed on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. The expectation is for public trading to commence shortly after the issuance, which reflects confidence in both the market and the financial health of the issuer.

The Role of Nordea Bank

Nordea Bank Abp takes the role of dealer for this significant issue. The partnership with a leading financial institution underscores the integration of robust financial frameworks that Municipality Finance engages for its capital needs.

About Municipality Finance Plc

MuniFin, or Municipality Finance Plc, stands as one of Finland’s largest credit institutions, focusing primarily on providing financing solutions to municipalities and public sector entities. Owned by Finnish municipalities, the public sector pension fund Keva, and the Finnish government, MuniFin maintains a solid balance sheet exceeding EUR 50 billion.

Sustainable Future Initiatives

The mission of MuniFin is to foster a sustainable and prosperous future. Their lending activities are targeted toward projects that hold environmental and social benefits. This includes financing public transportation systems, sustainable building projects, hospitals, healthcare facilities, schools, daycares, and housing for individuals with special needs.

Global Operations

Though primarily serving domestic customers, MuniFin operates in a global market context. The company is recognized as a proactive issuer in the international bond markets and holds the honor of being Finland's first issuer of green and social bonds. Their funding is assured by the Municipal Guarantee Board, further enhancing confidence among investors.

Connect with MuniFin

For those interested in learning more about their financial products or upcoming initiatives, MuniFin maintains a comprehensive website that serves as an informative portal for investors and stakeholders alike. Their commitment to transparency and customer engagement is paramount.

Frequently Asked Questions

What are the details of the notes issued by Municipality Finance?

The notes issued amount to EUR 20 million, maturing on January 14, 2028, with an interest rate of 3-month EURIBOR plus 18 basis points.

When is the public trading of these notes expected to commence?

The public trading for these notes is expected to begin on January 14, following their issuance.

Who is the dealer for this notes issuance?

Nordea Bank Abp is acting as the dealer for the issuance of these notes.

What projects are funded by Municipality Finance?

MuniFin focuses on financing environmentally and socially responsible projects, including hospitals, schools, and sustainable public infrastructure.

How does Municipality Finance operate in international markets?

While serving primarily domestic customers, MuniFin is an active issuer in global capital markets and has pioneered green and social bonds in Finland.

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