MuniFin's Latest EUR 14.5 Million MTN Tap Issuance
Municipality Finance Plc recently announced a new tranche of EUR 14.5 million under its Medium Term Note (MTN) programme. This new issuance reflects the company's ongoing commitment to financing sustainable growth in Finnish municipalities. The added amount will enhance the existing series of notes originally issued in July 2024, together totaling an impressive EUR 50 million.
Details of the New Tranche
The additional EUR 14.5 million tranche is a strategic move as MuniFin continues its efforts to support critical investment projects across the country. The maturity date for these notes is set for 30 September 2029, with a floating interest rate based on the 3-month EURIBOR plus an additional 6 basis points per annum. This structure is designed to attract investors looking for reliable and sustainable options.
Investment Under the MTN Programme
Issued under MuniFin’s substantial EUR 50 billion MTN programme, this tranche demonstrates MuniFin’s active role in the global capital markets as well as its dedication to responsible investment. The specifics of the offering, including the offering circular, supplemental information, and final terms, are readily accessible on the company's website.
Trading and Market Admission
MuniFin has also taken steps to ensure that this new tranche is smoothly integrated into the market. An application has been made for these notes to be listed on the Helsinki Stock Exchange, operated by Nasdaq Helsinki. Trading is anticipated to commence shortly, offering investors new opportunities to engage with MuniFin’s bonds.
Role of the Dealer
As part of this issuance, Skandinaviska Enskilda Banken AB will act as the Dealer, further solidifying its involvement in the financial transactions of the notes. Their expertise will assist in ensuring the successful integration of this tranche into the marketplace.
About Municipality Finance Plc
MuniFin, also known as Municipality Finance Plc, stands as one of Finland's largest credit institutions, maintaining a robust balance sheet exceeding EUR 55 billion. Owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, MuniFin plays a crucial role in supporting various sectors within the country.
Commitment to Sustainability
The company’s primary focus lies in fostering a sustainable future through responsible lending practices. Loans are directed towards environmentally and socially beneficial projects, such as public transportation systems, sustainable building initiatives, healthcare facilities, educational institutions, and affordable housing options for those in need. This commitment aligns with MuniFin's foundational goal of creating a better living environment for communities across Finland.
MuniFin in the Global Context
While MuniFin serves domestic clients, its operations extend into a global business landscape, actively participating in international capital markets. It has established itself as a pioneer among Finnish entities, being the first to issue green and social bonds. These funding mechanisms are bolstered by guarantees from the Municipal Guarantee Board, which underscores the security of MuniFin’s financial activities.
Contact Information
For further information regarding the recent issuance or other inquiries, investors and interested parties can reach out to:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
Phone: +358 50 444 3638
Frequently Asked Questions
What is the purpose of MuniFin's new tranche issuance?
The new tranche aims to finance sustainable projects across Finnish municipalities, enhancing the existing note series to support community development.
When will the notes be traded publicly?
Public trading for the new tranche is expected to commence on 8 October 2025 on the Helsinki Stock Exchange.
What is the interest rate for this new tranche?
The interest rate is floating, set at the 3-month EURIBOR plus an additional 6 basis points per annum.
Who acts as the Dealer for this issuance?
Skandinaviska Enskilda Banken AB serves as the Dealer, facilitating the issuance process and market integration.
How does MuniFin contribute to sustainability?
MuniFin supports environmentally and socially responsible investments, funding projects such as sustainable buildings, public transport, and healthcare facilities.
