Municipality Finance issues a NOK 500 million faucet under its MTN program

Municipality Finance Plc

Municipality Finance Plc
stock market statement
October 13, 2022 at 11:00 am (EEST)

Municipal Finance Issues a not well 500 million play under its mtn program

On October 13, 2022, Municipality Finance Plc issues a new tranche in the amount of NOK 500 million to an existing series of notes issued on October 12, 2022. With the new tranche, the total face amount of the notes is NOK 1.5 billion. The maturity date of the notes is April 12, 2027 and the notes bear interest at a fixed rate of 3.54% per annum.

The new tranche is issued under MuniFin’s €45 billion program for the issuance of debt instruments. The offering circular, supplemental offering circular and final terms of the notes are available in English on the company’s website at www.munifin.fi/investor-relations.

MuniFin has applied for the new tranche to be listed on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. Public listing is expected to commence on October 13, 2022. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

Nordea Bank Abp acts as Dealer for the issuance of the new tranche.

PLC OF FINANCES OF THE MUNICIPALITY

More information:

Joakim Holmstrom
Executive Vice President, Capital Markets and Sustainability
phone +358 50 444 3638

MuniFin (Municipality Finance Plc) is one of the largest credit institutions in Finland. The company is owned by the Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. MuniFin Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd. The Group’s balance sheet amounts to around €47.5 billion.

MuniFin builds a better, more sustainable future with its customers. MuniFin’s clients include Finnish municipalities, joint municipal authorities, municipally controlled entities, welfare services counties, as well as non-profit housing organisations. The loans are used for environmentally and socially responsible investment goals, such as public transportation, sustainable buildings, hospitals and health centers, schools and day care centers, and homes for people with special needs.

MuniFin’s clients are national, but the company operates in a completely global business environment. The company is a Finnish bond issuer active on the international capital markets and the first issuer of green and social bonds in Finland. The financing is guaranteed exclusively by the Municipal Guarantee Board.

Read more: www.munifin.fi

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