Municipality Finance Plc
Stock exchange release
24 March 2022 at 9:00 am (EET)
Municipality Finance issues a GBP 110 million tap under its MTN programme
On 25 March 2022 Municipality Finance Plc issues a new tranche in an amount of GBP 110 million to an existing benchmark issued on 17 March 2021. With the new tranche, the aggregate nominal amount of the benchmark is GBP 1.295 billion. The maturity date of the benchmark is 17 December 2025. The benchmark bears interest at fixed rate of 0.375% per annum.
The new tranche 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 new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 25 March 2022. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.
NatWest Markets N.V. acts as the Dealer for the issue of the new tranche.
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 is over EUR 46 billion.
MuniFin builds a better and more sustainable future 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, 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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