Municipality Finance issues EUR 30 million notes

LONDON: Municipality Finance Plc is issuing EUR 30 million notes on 3 November 2020. The maturity date is 3 November 2060.

MuniFin has the right but no obligation to redeem the notes early on 3 November 2025 and every five years thereafter. The notes bear interest at fixed rate of 0.9825% per annum.

The notes are issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 3 November 2020.

DZ Bank acts as the Dealer for the issue of the notes.

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 41 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.

MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations.

Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

www.munifin.fi

Leave a Reply

Your email address will not be published. Required fields are marked *