Municipality Finance Plc
Stock exchange release
11 February 2022 at 10:00 am (EET)
Municipality Finance issues EUR 100 million notes, EUR 5 million notes and a EUR 25 million tap under its MTN programme
On 14 February 2022 Municipality Finance Plc issues EUR 100 million notes, EUR 5 million notes and a new tranche in an amount of EUR 25 million to an existing benchmark issued on 22 April 2020. The notes are issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular and the supplemental offering circular are available in English on the company’s website at www.munifin.fi/investor-relations.
MuniFin has applied the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 14 February 2022. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
EUR 100 million notes
The maturity date of the notes is 14 February 2032. MuniFin has a right but no obligation to redeem the notes early on 14 February 2023, 14 February 2025 and 14 February 2027. The notes bear interest at fixed rate of 1.145% per annum.
Goldman Sachs Bank Europe acts as the Dealer for the issue of the notes.
EUR 5 million notes
The maturity date of the notes is 14 February 2037. MuniFin has a right but no obligation to redeem the notes early on 14 February 2023 and every year thereafter. The notes bear interest at fixed rate of 1.3% per annum.
Natwest Markets NV acts as the Dealer for the issue of the notes.
EUR 25 million tap to a benchmark
With the new tranche, the aggregate nominal amount of the benchmark is EUR 2 billion. The maturity date of the benchmark is 22 April 2025. The benchmark bears interest at fixed rate of 0.00% per annum.
Coöperatieve Rabobank U.A acts as the Dealer for the issue of the new tranche.
MUNICIPALITY FINANCE PLC
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by 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 is over EUR 46 billion.
MuniFin builds a better and more sustainable future 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, 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. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
Read more: www.munifin.fi
The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.