Municipality Finance Plc
Stock market release
November 20, 2020 at 9:00 a.m. (EET)
Municipality Finance issues two notches of 100 million euros as part of its MTN program
On November 23, 2020, Municipality Finance Plc issues a new tranche to a benchmark and a social bond. The new tranches are issued as part of MuniFin’s € 40 billion program for the issuance of debt securities. The Offer Circular and the Supplementary Offer Circular are available in English on the Company’s website at https://www.munifin.fi/investor-relations.
100 million euros draw on a social bond
MuniFin issues a new tranche for an amount of 100 million euros on a social bond issued on September 10, 2020. With the new tranche, the overall notional amount of the social bond is 600 million euros. The social bond’s maturity date is September 10, 2035 and it bears interest at a fixed rate of 0.05% per annum.
MuniFin has requested the admission of the new tranche to trading on the Helsinki Stock Exchange maintained by the Nasdaq Helsinki. Public trading is expected to begin on November 23, 2020. The existing series notes are admitted to trading on the Helsinki Stock Exchange.
Deutsche Bank acts as concessionaire for the issuance of the new tranche.
100 million euros on a benchmark
MuniFin issues a new tranche for an amount of 100 million euros on an existing benchmark index issued on January 12, 2017. With the new tranche, the overall notional amount of the benchmark is 1,450 million euros . The benchmark index’s maturity date is November 26, 2026 and bears interest at a fixed rate of 0.625% per annum.
MuniFin has applied for the admission of the new tranche to trading on the regulated market of the London Stock Exchange and on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. Public trading is scheduled to begin on November 23, 2020. The existing notes in the series are admitted to trading on the London Stock Exchange and the Helsinki Stock Exchange.
Swedbank acts as concessionaire for the new tranche.
MUNICIPALITY FINANCE PLC
Executive Vice President, Capital Markets
Phone. +358 9 6803 5674
MuniFin (Municipality Finance Plc) is one of the largest credit institutions in Finland: the company’s balance sheet is around 41 billion euros. 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 accordance with the principles of responsibility and in cooperation 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 completely global business environment. It is the most active Finnish bond issuer on the international capital markets and the leading Finnish green 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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