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HELSINKI - Municipality Finance Plc (MuniFin) announced on Thursday it will issue a $25 million tap to an existing benchmark under its MTN programme on October 17, 2025.
The new tranche will increase the aggregate nominal amount of the benchmark, originally issued on January 22, 2025, to $575 million. The benchmark has a maturity date of February 2, 2029, and bears interest at a floating rate equal to Compounded SOFR plus 100 basis points per annum.
The tap is being issued under MuniFin’s €50 billion programme for debt instruments. The company has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki, with public trading expected to commence on October 17, 2025. The existing notes in the series are already admitted to trading on the Helsinki Stock Exchange.
TD Global Finance unlimited company is acting as the dealer for the new tranche issue.
MuniFin is one of Finland’s largest credit institutions with a balance sheet exceeding €55 billion. Its ownership includes Finnish municipalities, the public sector pension fund Keva, and the State of Finland. The company serves municipalities, joint municipal authorities, wellbeing services counties, and other public sector organizations.
The information about the tap issue was provided in a press release statement from Municipality Finance.
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