MuniFin started to offer green finance – loans and leasing – for the environmentally friendly projects of its customers in the beginning of 2016. Green finance is offered to selected projects that promote the transition to low-carbon and climate resilient growth. These projects seek to mitigate or adapt to climate change.
MuniFin funds its operations through international capital markets. During the past 20 years, we have established a strong presence in the main capital markets and built a reputation as one of the most flexible and investor driven borrowers.
Municipality Finance plc (MuniFin) issued a new 10-year EUR 500 million Green bond on Wednesday 3 July 2019. The new benchmark offers a 0.05% coupon and a spread of -8 basis points through mid-swaps. The transaction was jointly led by Crédit Agricole CIB, HSBC, Nordea and Rabobank.
MuniFin will start listing bonds issued under its MTN programme on the Nasdaq Helsinki Stock Exchange.
On Wednesday 13 March 2019, MuniFin successfully priced a new USD 1 billion 5-year benchmark bond, the year’s first USD benchmark outing for the company. The orderbook grew to a new record for a MuniFin USD benchmark.
What is MuniFin all about?
MuniFin priced the first SSA 5-year EUR benchmark of 2019, and the first EUR deal from a Nordic issuer on 9 January 2019. This is also MuniFin’s second 5-year Euro benchmark to-date.
In 2019 MuniFin forecasts to issue approximately EUR 7.1 billion of long-term funding. This amount is based on the redemption profile of existing funding, forecast net growth in customer finance as well as the overall liquidity purposes of the company.
MuniFin tied for first place among Nordic municipal agencies in a survey conducted by a Swedish research company Prospera.