Municipality Finance Plc
Stock market press release
April 7, 2022 at 10:00 a.m. (EEST)
Municipal finance issues a $30 million faucet under his NTD Program
On April 8, 2022, Municipality Finance Plc issues a new tranche in the amount of USD 30 million on an existing series of bonds issued on July 15, 2021. With the new tranche, the total nominal amount of the bonds is USD 370 million. The maturity date of the Notes is July 15, 2026. The Notes bear interest at a variable rate equal to Sofr compounded plus 100 basis points per annum.
The bonds are issued under MuniFin’s €40 billion debt issuance program. The Offering Circular and Supplemental Offering Circular are available in English on the Company’s website at www.munifin.fi/investor-relations.
MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange operated by Nasdaq Helsinki. Public trading is expected to begin on April 8, 2022. Existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
Daiwa Capital Markets Europe Limited is acting as broker for the issuance of the Notes.
MUNICIPAL FINANCING SARL
Further information :
Executive Vice President, Capital Markets and Sustainability
Phone. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, public sector pension fund Keva and the Republic of Finland. The MuniFin group also includes the subsidiary Financial Advisory Services Inspira Ltd. The group’s balance sheet amounts to more than 46 billion euros.
MuniFin is building a better and more sustainable future together with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organizations. Loans are used for environmentally and socially responsible investment targets such as public transportation, hospitals and health centers, schools and daycares, and homes for people with special needs.
MuniFin’s customers are national, but the company operates in a completely global trading environment. The company is a Finnish issuer of bonds active in international capital markets and Finland’s leading issuer of green and social bonds. The financing is exclusively guaranteed by the Municipal Guarantee Commission.
Read more: www.munifin.fi
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