MuniFin seeks to simplify issuing process by piloting the Origin platform

Last week MuniFin took a step towards a leaner issuance process by issuing its first transaction through the Origin platform.

The platform is an electronic issuance and communication platform for the global debt capital markets, which enables communication between the issuer and dealers. Documentation and even contract signing are handled through the platform.

– Our pilot transaction went even smoother than expected, says Manager Miia Palviainen from MuniFin’s Funding and Sustainability team.

The pilot 1-year fixed rate bond in question was RON denominated and Citigroup Global Markets Europe acted as the dealer.

– Our intention was to try out the new platform and see how it could improve our internal processes that are quite labour intensive. The platform itself is well designed and intuitive to use. Next, we will explore the API integration and remain optimistic about using the platform in future trades as well, says Palviainen.

Since Origin started developing their platform in 2015, it has gained 95 issuers and nearly 1000 active users.

– Currently, the platform is mostly for plain vanilla and callable fixed rate transactions, but we hope to see more possibilities in the future. Overall, we are happy with the test trade, Palviainen says.

Read Origin’s press release here.

More information

Miia Palviainen

Manager, Funding and Sustainability, MuniFin

+358 50 598 0829