Municipality Finance Plc
Stock exchange release
23 August 2022 at 10:00 am (EEST)
Municipality Finance issues a USD 1 billion benchmark under its MTN programme
Municipality Finance Plc issues a USD 1 billion benchmark on 24 August 2022. The maturity date of the notes is 24 August 2027. The notes bear interest at a fixed rate of 3.25% per annum.
The benchmark is issued under MuniFin’s EUR 45 billion programme for the issuance of debt instruments. The offering circular and the final terms of the benchmark are available in English on the company’s website at www.munifin.fi/investor-relations.
MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 24 August 2022.
Barclays Bank Ireland Plc, Bank of Montreal Europe Plc, Citigroup Global Markets Limited and Daiwa Capital Markets Europe act as the Joint Lead Managers for the issue of the benchmark.
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 company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. MuniFin Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd. The Group’s balance sheet totals close to EUR 47.5 billion.
MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include Finnish municipalities, joint municipal authorities, municipally–controlled entities, wellbeing services counties, as well as 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. The company 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.
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.