Municipality Finance's New EUR 15 Million Notes Issuance

Municipality Finance Issues EUR 15 Million Notes for Sustainable Growth

Municipality Finance Plc has successfully issued EUR 15 million in notes, enhancing its MTN (Medium Term Note) programme aimed at supporting sustainable projects. These notes, which will be available from 19 December 2024, are part of a larger EUR 50 billion debt instruments programme designed to help finance significant public investments.

Details of the New Notes Issuance

The newly issued notes feature a maturity date set for 22 December 2054, providing a long-term funding solution for various projects. Importantly, Municipality Finance retains the option to redeem the notes early by 22 December 2034, giving it flexibility in managing its financial operations. The fixed interest rate for these notes stands at an attractive 3.21% per annum, making them appealing to potential investors.

Trading and Underwriting Opportunities

The notes will be listed on the Helsinki Stock Exchange, maintained by Nasdaq Helsinki, with public trading set to commence shortly after issuance. This step is crucial for enhancing the liquidity of these instruments, benefitting both investors and the issuance strategy of the company. Landesbank Baden-Württemberg is acting as the dealer for this issuance, facilitating the transaction process.

Municipality Finance: A Commitment to Sustainability

MuniFin’s mission aligns with sustainable development goals, aiming to foster responsible investments in Finland. With a balance sheet exceeding EUR 50 billion, they support a variety of essential services, from public transportation solutions to building sustainable schools and homes for individuals with special needs. The funding primarily addresses projects that promote both environmental and social benefits.

Diverse Client Base and Global Operations

The company's clientele includes municipalities, joint municipal authorities, and various non-profit organizations recognized by the Housing Finance and Development Centre of Finland (ARA). While MuniFin's customer base is localized, its operations reach a global scale, making it a notable player in both domestic and international bond markets. Furthermore, it holds the distinction of being the first Finnish issuer of green and social bonds, emphasizing its commitment to environmentally sensible financing.

Contact and Further Information

For more details about the recent issuance or other inquiries, Joakim Holmström, Executive Vice President of Capital Markets and Sustainability, can be contacted at +358 50 444 3638. Through avenues like this, Municipality Finance showcases transparency and accessibility for investors and stakeholders.

MuniFin's progressive initiatives and efforts to secure funding for pressing social projects reaffirm its strategic goal: to create a better, more sustainable future for the communities it serves.

Frequently Asked Questions

What is the purpose of the EUR 15 million notes issued by MuniFin?

The notes support financing for sustainable projects, including public infrastructure, housing, and social services.

What is the maturity date for these notes?

The maturity date for the notes is set for 22 December 2054.

Who is handling the issuance of the notes?

Landesbank Baden-Württemberg is acting as the dealer for the issuance of the notes.

How does MuniFin contribute to sustainability?

MuniFin funds projects that focus on environmental and social responsibility, supporting needs like public transportation and sustainable housing.

How can I get more information about the notes issuance?

For further details, contact Joakim Holmström at +358 50 444 3638 or visit MuniFin's official website.

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