Municipality Finance Plc
Stock exchange release
13 October 2020 at 10:00 am (EET)
Municipality Finance issues EUR 500 million green bond under MTN programme
Municipality Finance Plc issues EUR 500 million green bond on 14 October 2020. The maturity date is 14 October 2030. The green bond bears interest at fixed rate of 0.00 % per annum.
The green bond is issued under MuniFin’s EUR 40 billion programme for the issuance of debt instruments. The offering circular and the supplemental offering circular are available in English on the company’s website at www.munifin.fi/investor-relations.
MuniFin has applied for the green bond to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 14 October 2020.
Danske Bank, NatWest Markets, Nomura and Nordea act as the Joint Lead Managers for the issue of the green bond.
MUNICIPALITY FINANCE PLC
Executive Vice President, Capital Markets
tel. +358 9 6803 5674
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 41 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and 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. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.
Read more: www.munifin.fi
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