Municipality Finance's EUR 15 Million Notes Launch Strategy

Author: Owen Jenkins Updated: 11-13-2024 03:16 AM

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.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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