MuniFin issued inaugural SOFR-linked note

On Thursday 1 July 2021, MuniFin successfully priced an inaugural SOFR-linked note. USD 200 million note is a private placement and due July 2026 with a value date of 15 July 2021. J.P. Morgan acted as a dealer in the transaction. The note is linked to the SOFR Index and thus consistent with the evolving market standard for SSA issuers.

“During the last year we have been building our operational capabilities for both SOFR- and SONIA-linked funding products. Now when we are operationally ready, it was very nice to get this trade done and enter into a completely new market. We see that these new risk-free rates will be the new market standard in the future and they will be in an important role in our funding strategy”, says Joakim Holmström, EVP Capital Markets and Sustainability at MuniFin.

Further information

Joakim Holmström
Executive Vice President, Capital Markets, MuniFin
Tel. +358 50 4443 638