Municipality Finance Launches EUR 15 Million Notes
Municipality Finance Plc has announced the issuance of EUR 15 million in notes under its Medium Term Note (MTN) programme. This launch takes place amidst a backdrop of favorable market conditions that support sustainable financing.
Details of the Notes Issuance
Scheduled for release on 18 March 2025, these notes offer a maturity date set for 18 June 2032. Notably, Municipality Finance holds the right to redeem the notes ahead of schedule on 18 June 2028. Investors can enjoy a fixed interest rate of 3.16% per annum, making this issuance an attractive opportunity for those looking to invest in sustainable growth.
The MTN Program
The note issuance forms part of Municipality Finance's expansive EUR 50 billion MTN programme, which facilitates the raising of capital through various debt instruments. This diverse program enables MuniFin to support essential public projects across various sectors.
Market Participation and Trading
Municipality Finance has made arrangements to have these notes listed on the Helsinki Stock Exchange, which is maintained by Nasdaq Helsinki. Trading is anticipated to commence on the same day as the issuance, allowing immediate market participation from investors.
Role of Barclays Bank in the Issuance
Barclays Bank Ireland PLC serves as the dealer for this new issue, providing invaluable support throughout the issuance process. Their expertise in the market helps ensure that the notes are effectively placed with investors seeking responsible investment opportunities.
About Municipality Finance
MuniFin, known as Municipality Finance Plc, stands as one of the largest credit institutions in Finland. The organization is owned predominantly by Finnish municipalities, alongside the public sector pension fund Keva and the State of Finland. With a balance sheet totaling over EUR 53 billion, MuniFin plays a pivotal role in enhancing public services and infrastructure.
Commitment to Sustainability
MuniFin's mission centers around building a better and sustainable future through funding projects that are environmentally and socially beneficial. Its clients include municipalities, joint municipal authorities, and non-profit organizations focused on essential services such as public transportation, healthcare facilities, and housing for vulnerable populations.
Global Engagement
While primarily serving domestic clients, MuniFin operates in a global context, participating actively as a Finnish bond issuer in international markets. They pride themselves on being the first issuer of green and social bonds in Finland, demonstrating a forward-thinking approach to financing that addresses global challenges.
Frequently Asked Questions
What is the purpose of the EUR 15 million notes issued by Municipality Finance?
The notes are intended to raise funds that will be allocated towards sustainable projects benefiting public services and infrastructure.
What is the maturity date of the issued notes?
The notes will mature on 18 June 2032, with an early redemption option available beginning 18 June 2028.
Who is handling the issuance of these notes?
Barclays Bank Ireland PLC is acting as the dealer for the issuance, facilitating the process and ensuring market efficiency.
How is Municipality Finance structured in terms of ownership?
Municipality Finance is owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, highlighting its integral role in national financing.
What are MuniFin's commitments to sustainability?
MuniFin focuses on funding projects that promote environmental and social responsibility, including public transportation, sustainable buildings, and healthcare facilities.
