Municipality Finance Schedules Issuance of EUR 15 Million Notes

Municipality Finance to Issue EUR 15 Million in Notes

Municipality Finance Plc, commonly known as MuniFin, has announced its upcoming issuance of EUR 15 million in notes. Scheduled as part of its established Medium Term Note (MTN) program, this issuance is capturing the attention of the financial sector. These notes are set to be made available on a specified date in the near future, allowing MuniFin to secure additional financing to support its mission.

Details of the Note Issuance

The notes will feature a fixed interest rate of 3.21% per annum and are set to mature in 2054, although MuniFin has the option to redeem them early starting in 2034. This issuance is part of a much larger initiative, where MuniFin has a total debt instrument program estimated to be around EUR 50 billion. It’s indicative of the organization's broad commitment to financing essential public services.

Listing Information

These specific notes are expected to be listed on the Helsinki Stock Exchange, which is managed by Nasdaq Helsinki. Trading is anticipated to commence promptly following the issuance date, thus providing investors an opportunity to engage with municipal financing options.

Role of Landesbank Baden-Württemberg

Landesbank Baden-Württemberg has taken on the role of dealer for this issuance, supporting MuniFin throughout the process. MuniFin stands as a vital credit institution in Finland, backed by a variety of stakeholders including Finnish municipalities, the public sector pension fund, and the Republic of Finland. Their balance sheet exceeds EUR 50 billion, showcasing their robust financial position.

Commitment to Sustainable Financing

At the heart of MuniFin's strategy is a strong commitment to financing projects that are environmentally and socially responsible. They play a significant role in supporting public transportation initiatives, sustainable building projects, healthcare facilities, and educational institutions. Notably, MuniFin also focuses on providing housing for individuals with special needs, underscoring their inclusive approach.

Global Engagement

Even though MuniFin's client base is primarily domestic, the organization operates on a global scale, positioning itself as an active issuer in international capital markets. They are recognized for pioneering initiatives related to green and social bonds, reflecting a growing trend in sustainability among financial institutions.

Municipal Guarantee Board

The funding for these notes is fully guaranteed by the Municipal Guarantee Board, providing an added layer of security for potential investors. This guarantee ensures that the issuance is not only attractive but also lower in risk compared to many other financial instruments.

Important Regulatory Notes

The information provided concerning the notes represents a foundational component of MuniFin’s transparent operational practices. It is important to point out that these financial instruments have not been registered under the prevailing U.S. Securities Act of 1933, thereby restricting their offer or sale within the United States unless certain registration requirements are met.

Frequently Asked Questions

What is the purpose of the EUR 15 million note issuance?

The issuance aims to finance environmentally and socially responsible projects while supporting critical public services.

What are the interest rates and maturity dates of the notes?

The notes carry a fixed interest rate of 3.21% and mature on December 22, 2054, with an option for early redemption in 2034.

Where will the notes be listed for trading?

The notes are set to be listed on the Helsinki Stock Exchange, with trading expected to start on the issuance date.

Who is managing the issuance?

Landesbank Baden-Württemberg is serving as the dealer for the note issuance, assisting MuniFin throughout the process.

Is the note issuance guaranteed?

Yes, the funding for these notes is fully guaranteed by the Municipal Guarantee Board, adding a safety net for investors.

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