HELSINKI - Municipality Finance Plc announced today that it will fully redeem its €12 million notes (ISIN XS2567397125) on December 20, 2024. These notes were issued as part of its Medium-Term Note (MTN) program and are currently traded on the Helsinki Stock Exchange, operated by Nasdaq Helsinki.
In preparation for the early redemption, Municipality Finance has submitted a request to delist the notes from the exchange. The decision to redeem these notes before their maturity date is an exercise of the rights outlined in the notes' terms and conditions.
Municipality Finance is a major Finnish credit institution with a balance sheet exceeding €50 billion. Owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, the company provides financing for a variety of projects with environmental and social benefits. These projects often include public transportation systems, sustainable building initiatives, and healthcare facilities.
As a significant player in the financial sector, Municipality Finance has a strong presence in international capital markets and holds the distinction of being the first Finnish issuer of green and social bonds. The company's funding is fully guaranteed by the Municipal Guarantee Board, ensuring a robust backing for its financial instruments.
The early redemption of these notes is part of Municipality Finance's broader capital management strategy. The company's activities are not only focused on domestic lending but also extend to a global business environment, emphasizing its role as a facilitator of responsible investment.
This announcement serves as a factual statement from Municipality Finance and is not intended for distribution in jurisdictions where such release would be prohibited by law. It is also not an offer to sell or a solicitation of an offer to buy securities in the United States or any jurisdiction where such actions would be unlawful. The notes in question have not been registered under the U.S. Securities Act of 1933, as amended, and cannot be offered or sold within the United States except under an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
The information provided in this article is based on a press release statement from Municipality Finance Plc.
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