Municipality Finance's EUR 15 Million Notes Launch Strategy
Municipality Finance's New EUR 15 Million Note Issuance
Municipality Finance Plc has announced the launch of EUR 15 million notes under its Medium-Term Note (MTN) programme. This financial maneuver occurs on November 14, with a maturity date set for November 14, 2034. The notes will enable MuniFin to participate in funding essential public projects, contributing to Finland's sustainable development goals.
Key Features of the Notes
The structure of these notes includes a crucial feature—MuniFin has the option to redeem these notes early on specific dates: November 14, 2025, and November 14, 2027. The fixed interest rate stands at 4.00% per annum until the first redemption date, after which it will adjust to 3.02% per annum, positioned to deliver optimal returns for investors while also facilitating flexible funding for MuniFin.
Advantages of the MTN Programme
The issuance aligns with MuniFin's EUR 50 billion programme for debt instruments, designed for efficient positioning in the capital markets while ensuring support for public sector investment projects. MuniFin's robust reputation as a key financier for local government initiatives makes it an attractive option for investors looking for stable returns.
Trading and Market Integration
MuniFin has sought admission for these notes to be traded on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, starting on November 14. The anticipation of public trading signals a promising addition to financial markets, facilitating capital inflow for community projects. Morgan Stanley & Co. International plc is managing this issuance, representing strong financial backing.
The Role of MuniFin in Finnish Society
As one of Finland’s largest credit institutions, MuniFin supports a diversified range of projects that enhance public services and infrastructure. Their funding focuses on environmentally responsible projects such as public transportation, healthcare facilities, and educational institutions, which are crucial for the overall welfare of communities.
Customer Base and Operational Footprint
MuniFin's clientele includes municipalities and nonprofit organizations, ensuring that its lending activities are directed toward sustainable objectives. Despite primarily serving domestic customers, MuniFin engages actively in global markets as the first Finnish issuer of green and social bonds. This dedication to socially responsible funding emphasizes its commitment to sustainability.
Contact Information and Further Inquiries
For those interested in more details about the note issuance or MuniFin's projects, Joakim Holmström serves as the Executive Vice President of Capital Markets and Sustainability. He can be reached at +358 50 444 3638 for any inquiries related to investor relations or project funding.
Frequently Asked Questions
What is the purpose of the EUR 15 million notes issued by MuniFin?
The EUR 15 million notes aim to support financing for essential public sector projects in Finland, enhancing sustainable community development.
When will the notes be traded publicly?
The public trading of the notes is expected to commence on November 14, which aligns with their issuance date.
Who is managing the issuance of these notes?
Morgan Stanley & Co. International plc is acting as the dealer for the issuance of the notes, providing expertise in capital markets.
What is MuniFin's primary focus for lending?
MuniFin primarily focuses on financing environmentally and socially responsible projects that include healthcare, education, and sustainable infrastructure.
How can I contact MuniFin for more information?
For inquiries, you can contact Joakim Holmström, Executive Vice President, Capital Markets and Sustainability at +358 50 444 3638.
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