Municipality Finance issues two EUR 100 million taps under its MTN programme

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20.11.2020, 08:00  |  105   |   |   

Municipality Finance Plc
Stock exchange release
20 November 2020 at 9:00 am (EET)

Municipality Finance issues two EUR 100 million taps under its MTN programme


On 23 November 2020 Municipality Finance Plc issues a new tranche to a benchmark and to a social bond. The new tranches 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 https://www.munifin.fi/investor-relations.

EUR 100 million tap to a social bond  


MuniFin issues a new tranche in an amount of EUR 100 million to a social bond issued on 10 September 2020. With the new tranche, the aggregate notional amount of the social bond is EUR 600 million. The maturity date of the social bond is 10 September 2035 and it bears interest at fixed rate of 0.05% per annum.

MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 23 November 2020. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

Deutsche Bank acts as the Dealer for the issue of the new tranche.

EUR 100 million tap to a benchmark

MuniFin issues a new tranche in an amount of EUR 100 million to an existing benchmark issued on 12 January 2017. With the new tranche, the aggregate notional amount of the benchmark is EUR 1,450 million. The maturity date of the benchmark is 26 November 2026 and it bears interest at fixed rate of 0.625% per annum.

MuniFin has applied for the new tranche to be admitted to trading on the Regulated Market of London Stock Exchange and on Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 23 November 2020. The existing notes in the series are admitted to trading on the London Stock Exchange and the Helsinki Stock Exchange.

Swedbank acts as the Dealer for the new tranche.

MUNICIPALITY FINANCE PLC


Further information:

Joakim Holmström
Executive Vice President, Capital Markets
tel. +358 9 6803 5674

MuniFin (Municipality Finance Plc) is one of Finland's largest credit institutions: the company's balance sheet totals approximately EUR 41 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.

MuniFin's mission is to build a better future in line with the principles of responsibility and in cooperation 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 the most active Finnish bond issuer in international capital markets and the first Finnish green 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

Important Information

The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

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.


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Municipality Finance issues two EUR 100 million taps under its MTN programme Municipality Finance Plc Stock exchange release 20 November 2020 at 9:00 am (EET) Municipality Finance issues two EUR 100 million taps under its MTN programmeOn 23 November 2020 Municipality Finance Plc issues a new tranche to a benchmark and to a …

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