Municipality Finance Plc
Stock exchange release
13 January 2022 at 10:00 am (EET)
Municipality Finance issues a NOK 500 million tap and a NOK 1 billion tap under its MTN programme
On 14 January 2022 Municipality Finance Plc issues new tranches to existing series of notes. 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 for both of 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 January 2022. The existing notes in both series are admitted to trading on the Helsinki Stock Exchange.
NOK 500 million notes tap
Municipality Finance issues a new tranche in an amount of NOK 500 million to an existing series of notes issued on 13 January 2021. With the new tranche, the aggregate nominal amount of the notes is NOK 2.5 billion. The maturity date is 13 January 2026 and the notes bear interest at a floating rate equal to 3-month Nibor plus 1.50% per annum.
DNB Bank acts as the Dealer for the issue of the notes.
NOK 1 billion tap
Municipality Finance issues a new tranche in an amount of NOK 1 billion to an existing series of notes issued on 11 January 2022. With the new tranche, the aggregate nominal amount of the notes is NOK 3.5 billion. The maturity date is 11 January 2027 and the notes bear interest at a floating rate equal to 3-month Nibor plus 1.50% per annum.
Danske Bank acts as the Dealer for the issue of the notes.
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 Group’s balance sheet totals close to EUR 46 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
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, sustainable buildings, 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. It 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.
The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.
Read more: www.munifin.fi
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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.