Municipality Finance Secures EUR 10 Million with New Notes
Municipality Finance Issues EUR 10 Million Notes Through MTN Programme
Municipality Finance Plc has successfully issued EUR 10 million in notes under its Medium-Term Note (MTN) programme. Set to mature on 11 February 2035, these notes come with a fixed interest rate of 2.819% per annum, providing a solid financial instrument for both the company and its investors.
Details of the Notes Issuance
The issuance of the notes marks an important step for Municipality Finance, allowing for further investment in sustainable projects that benefit municipalities across Finland. These financial instruments are part of MuniFin’s extensive EUR 50 billion programme designed for the issuance of debt instruments, which fuels public sector development projects.
Expected Trading Activities
The notes have been applied for admission to trading on the Helsinki Stock Exchange, with public trading anticipated to commence shortly after the issuance date. This move is expected to enhance liquidity, making it easier for investors to participate in MuniFin's offerings while providing essential funding for critical infrastructural projects.
Partnership with ABN AMRO Bank N.V.
ABN AMRO Bank N.V. plc has stepped in as the dealer for this issue. Their involvement underscores the strategic partnerships that MuniFin fosters to maintain its position as a leading financial entity focused on sustainability.
Company Background and Mission
MuniFin, also known as Municipality Finance Plc, stands as one of Finland’s premier credit institutions, owned by Finnish municipalities and government bodies. With an impressive balance sheet exceeding EUR 50 billion, MuniFin’s mission is deeply rooted in supporting sustainable and socially responsible investments.
Supporting Local Initiatives
The company focuses on funding projects that aim at enhancing community welfare such as public transportation systems, healthcare facilities, schools, and sustainable housing solutions. These investments not only foster local economic growth but also align with broader environmental goals pivotal for future generations.
Global Presence and Influence
Despite its domestic customer base, MuniFin operates in a dynamic global market, issuing bonds that attract international investment. As the first Finnish issuer of green and social bonds, MuniFin plays a pivotal role in promoting responsible financing methods within the public sector.
Contact Information
For further inquiries, Joakim Holmström, the Executive Vice President of Capital Markets and Sustainability, can be contacted at +358 50 444 3638. Joakim is eager to provide more insights into the company's operations and financing strategies.
Frequently Asked Questions
What is the EUR 10 million note issuance?
The EUR 10 million notes are a financing tool issued by Municipality Finance Plc under their MTN programme, aimed at supporting sustainable projects.
What is the maturity date of the issued notes?
The notes are set to mature on 11 February 2035.
What interest rate do the notes bear?
These notes bear a fixed interest rate of 2.819% per annum.
Who is involved in the trading of these notes?
ABN AMRO Bank N.V. plc is the dealer managing the issue of the notes, facilitating their introduction to the market.
How does MuniFin support sustainability?
MuniFin funds projects that are environmentally friendly and socially responsible, focusing on public services like transportation, healthcare, and sustainable housing.
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