Municipality Finance to Launch SEK 2 Billion Note Issuance

Municipality Finance Announces SEK 2 Billion Note Issuance

Municipality Finance Plc has set a plan to issue SEK 2 billion in notes as part of its Medium Term Note (MTN) program. This strategic move is designed to support the institution's ongoing commitment to financing critical public projects.

Details of the Note Issuance

The notes are scheduled for issuance on a specific date in October. They will have a maturity date set for November 2028, providing investors an attractive floating interest rate option. The interest rate for these notes is tied to the 3-month Stibor, with an additional 150 basis points added annually, making it a competitive offering for potential investors.

The Role of the MTN Programme

Municipality Finance utilizes its MTN programme as a robust financing tool to raise capital efficiently. With a total issuance capacity of EUR 50 billion, this framework provides flexibility in funding various initiatives. Investors can find comprehensive details regarding the offering in the provided documentation on the company's website.

Trading on the Helsinki Stock Exchange

Once the notes are issued, Municipality Finance has applied for them to be listed and traded on the Helsinki Stock Exchange, managed by Nasdaq Helsinki. This public trading is slated to begin shortly after the issuance date, stimulating interest among investors.

Involvement of Financial Institutions

To facilitate the issuance process, Skandinaviska Enskilda Banken AB (publ) has been selected as the Dealer. Their expertise in managing such offerings will be crucial for the smooth execution of this transaction.

About Municipality Finance Plc

MuniFin, or Municipality Finance Plc, is one of the largest credit institutions in Finland. The company's ownership is comprised of Finnish municipalities and the State of Finland, which highlights its strong connections to the public sector. With a balance sheet exceeding EUR 55 billion, MuniFin plays a significant role in addressing the financial needs of local governments and public institutions.

Focus on Sustainable Development

MuniFin is committed to supporting environmentally and socially responsible projects. Its clients include municipalities, joint municipal authorities, and organizations focused on public well-being. Financing projects such as hospitals, daycare centers, and sustainable public transport is a core objective, aiming to enhance community services and quality of life.

Global Operations and Impact

Though primarily serving domestic clients, MuniFin operates within a global business landscape. The company has become a reputable issuer in international capital markets, recognized for its involvement in green and social bonds. Such initiatives demonstrate MuniFin's dedication to responsible investment practices and sustainable growth.

Contact Information

For more information regarding this note issuance or other inquiries, interested parties may contact Joakim Holmström, Executive Vice President of Capital Markets and Sustainability, at +358 50 444 3638. He is available to provide insights and answer questions related to MuniFin's financial activities.

Frequently Asked Questions

What is the interest rate on the newly issued notes?

The interest rate is a floating rate equal to the 3-month Stibor plus 150 basis points per annum.

When is the maturity date for the notes?

The maturity date for these notes is set for November 1, 2028.

How can investors access the offering circular?

Investors can find the offering circular and related documents on the MuniFin website.

Who is acting as the Dealer for the note issuance?

Skandinaviska Enskilda Banken AB (publ) is serving as the Dealer for this issuance.

Where will the notes be traded?

The notes are expected to be traded on the Helsinki Stock Exchange.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

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