Municipality Finance Plc
Exit on the stock market
September 21, 2021 at 10:00 a.m. (EST)
Municipal finance issues EUR 25 million tickets under the MTN program
Municipality Finance Plc issues 25 million euro notes on September 22, 2021. The maturity date of the notes is September 22, 2056. MuniFin has the right but no obligation to redeem the notes early on September 22, 2026 and every five years thereafter. The Notes bear interest at a fixed rate of 1.17% per annum.
The notes are issued as part of MuniFin’s € 40 billion program for issuing debt instruments. The Offer Circular and Supplemental Offer Circular are available in English on the Company’s website at www.munifin.fi/investor-relations.
MuniFin has requested that the notes be admitted to trading on the Helsinki Stock Exchange managed by Nasdaq Helsinki. Public negotiation is expected to begin on September 22, 2021.
DZ Bank acts as broker for the issuance of the Notes.
MUNICIPALITY FINANCE PLC
More information :
Executive Vice President, Capital Markets and Sustainable Development
Phone. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of the largest credit institutions in Finland: the Group’s balance sheet amounts to nearly 46 billion euros. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
MuniFin is building a better and more sustainable future with its customers. MuniFin’s clients are Finnish municipalities, municipal federations, entities controlled by municipalities and non-profit housing organizations. The loans are used for environmentally and socially responsible investment purposes such as public transport, sustainable buildings, hospitals and health centers, schools and daycares, and homes for people with special needs.
MuniFin’s clients are national but the company operates in a fully global business environment. It is a Finnish bond issuer active in international capital markets and Finland’s leading green and social bond issuer. Funding is exclusively guaranteed by the City Council guarantee.
The Municipality Finance Group also includes the subsidiary Financial Advisory Services Inspira Ltd.
Find out more: www.munifin.fi
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