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HELSINKI - Municipality Finance Plc announced the issuance of EUR 20 million notes under its Medium-Term Note (MTN) programme, with a ten-year maturity period set to commence on Wednesday. The notes, bearing a fixed interest rate of 3.30% per annum, are scheduled to mature on April 16, 2035. They are part of a larger EUR 50 billion debt instrument issuance program.
The Finnish credit institution has reserved the right to redeem the notes early on two occasions: April 16, 2026, and April 18, 2028. However, it is not obligated to do so.
Municipality Finance, known as MuniFin, has applied for these notes to be listed on the Helsinki Stock Exchange, which is maintained by Nasdaq Helsinki, and anticipates public trading to begin on the issue date. Barclays (LON:BARC) Bank Ireland PLC is facilitating the issuance as the dealer.
MuniFin stands as one of Finland’s primary credit institutions, with a balance sheet exceeding EUR 53 billion. Its ownership is shared among Finnish municipalities, the public sector pension fund Keva, and the State of Finland. The company focuses on financing investments that are environmentally and socially responsible, such as public transportation, sustainable buildings, and healthcare facilities. MuniFin’s customer base includes municipalities, municipal authorities, and non-profit organizations.
The company has a global presence in the capital markets and is recognized as the first Finnish issuer of green and social bonds. All funding obtained by MuniFin is guaranteed by the Municipal Guarantee Board.
This issuance of notes aligns with MuniFin’s ongoing efforts to support sustainable development projects across Finland. The offering circular and final terms of the notes are available for investors on the company’s website.
The information provided in this article is based on a press release statement and does not constitute an offer of securities for sale in the United States. The notes have not been registered under the U.S. Securities Act of 1933 and are not available for sale within the United States or to U.S. persons, except under specific exemptions.
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