Municipality Finance Strengthens Position With New SEK 1B Note

Municipality Finance Expands Its Debt Programme

Municipality Finance Plc, a significant player in Finland’s financial landscape, has recently announced an exciting development. The company is issuing a new tranche worth SEK 1 billion, contributing to an existing series of notes that were initially issued earlier this year. With this new addition, the total nominal amount of the notes has reached a noteworthy SEK 1.5 billion.

Details of the New Tranche Issuance

The newly issued notes will have a maturity date set for December 28, 2027, showcasing a competitive floating interest rate that is pegged to the 3-month Stibor plus an additional 13 basis points per annum. These terms highlight Municipality Finance's commitment to providing attractive investment opportunities while managing its financial obligations effectively.

Market Implications and Trading Initiatives

As part of its ongoing strategy, Municipality Finance aims to enhance liquidity and support its various financing projects. MuniFin has applied for these new notes to be admitted to trading on the Helsinki Stock Exchange, with public trading anticipated to begin shortly after the issuance date.

The Role of Skandinaviska Enskilda Banken

In this significant issuance, Skandinaviska Enskilda Banken AB (publ) acts as the Dealer, reinforcing its position as a key player in the capital markets. Their involvement ensures that the process is streamlined and that investors have access to relevant information regarding the new tranche.

MuniFin's Commitment to Responsible Investments

MuniFin is well-regarded for its dedication to financing projects that have a positive impact on society. Its clientele primarily includes municipalities and public sector entities, which seek funding for a variety of socially responsible projects. This includes enhancements in public transportation, development of sustainable buildings, and healthcare initiatives, addressing vital societal needs.

Global Presence and Future Ventures

While MuniFin remains rooted in Finland, it operates within an international business framework, actively participating as a bond issuer in global capital markets. Known for being the first Finnish issuer of green and social bonds, MuniFin aims to maintain its innovative edge while fulfilling its environmental and social responsibilities.

About Municipality Finance Plc

MuniFin stands as one of Finland's largest credit institutions. Its ownership structure includes Finnish municipalities, the State of Finland, and the public sector pension fund, Keva. With a robust balance sheet exceeding EUR 55 billion, MuniFin is a stable entity aiming to boost Finland’s municipal structures through diligent financial practices.

For those seeking further insights about Municipality Finance, Joakim Holmström, the Executive Vice President for Capital Markets and Sustainability, is available for inquiries. He can be reached at +358 50 444 3638.

Frequently Asked Questions

What is the purpose of the SEK 1 billion tap issuance?

The SEK 1 billion tap issuance aims to bolster Municipality Finance’s financing abilities while supporting socially responsible projects.

When will the new notes be available for public trading?

Public trading of the new notes is expected to commence following the issuance date, enhancing accessibility for investors.

Who is involved in facilitating this issuance?

Skandinaviska Enskilda Banken AB (publ) is acting as the Dealer for the new issuance, ensuring a smooth transaction process.

What types of projects does Municipality Finance typically support?

MuniFin supports a wide range of projects, primarily focusing on public services such as healthcare, education, and sustainable infrastructure.

Is MuniFin active internationally?

Yes, MuniFin is engaged in international capital markets, expanding its operations while upholding its commitments to socially responsible financing.

About The Author

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