MuniFin expands bond series with SEK 1 billion issuance

Published 20/05/2025, 08:08
MuniFin expands bond series with SEK 1 billion issuance

HELSINKI - Municipality Finance Plc (MuniFin) has announced the issuance of a SEK 1 billion tap under its Medium Term Note (MTN) program, expanding an existing series of notes. The new tranche, dated May 21, 2025, increases the total nominal amount of the series to SEK 4.5 billion. These notes, maturing on February 21, 2028, carry a floating interest rate tied to the 3-month Stibor plus 150 basis points annually.

The notes are part of MuniFin’s extensive EUR 50 billion debt instrument issuance program. Documentation related to the offering, including the offering circular and final terms, is publicly accessible through MuniFin’s website. The company has sought to list the new tranche on the Helsinki Stock Exchange, operated by Nasdaq Helsinki, with public trading expected to start on the issue date. The existing notes from the series are already trading on this exchange.

Skandinaviska Enskilda Banken AB (publ) is serving as the dealer for this issue.

MuniFin is a prominent Finnish credit institution, with a balance sheet exceeding EUR 53 billion. Its ownership is composed of Finnish municipalities, the public sector pension fund Keva, and the Finnish State. The company’s clientele consists primarily of domestic entities, including municipalities and various public sector organizations. MuniFin is recognized for financing projects with social and environmental benefits, such as sustainable public infrastructure and social housing. It operates globally, being a notable Finnish bond issuer in international markets and the pioneer in issuing green and social bonds in Finland. The Municipal Guarantee Board exclusively guarantees MuniFin’s funding.

This press release statement serves as the source for the information reported. It should be noted that the notes have not been registered under the U.S. Securities Act of 1933 and are not for sale within the United States or to U.S. persons unless an exemption applies.

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