Municipality Finance Plc
Stock exchange release
31 August 2023 at 10:00 am (EEST)
Municipality Finance issues a USD 100 million social bond under its MTN programme
Municipality Finance Plc issues a USD 100 million social bond on 1 September 2023. The maturity date of the social bond is 1 September 2027. The social bond bears interest at a fixed rate of 4.680% per annum.
The social bond is issued under MuniFin’s EUR 45 billion programme for the issuance of debt instruments. The offering circular and the final terms of the social bond are available in English on the company’s website at www.munifin.fi/investor-relations.
MuniFin has applied for the social bond to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 1 September 2023.
DNB Bank ASA acts as the dealer for the issue of the social bond.
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 owners of the company include 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 approximately EUR 48 billion.
MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. 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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