Workflow
Municipality Finance issues EUR 9 million notes under its MTN programme
GlobeNewswire·2025-01-23 08:00

Issuance of Notes - Municipality Finance Plc issues EUR 9 million notes with a maturity date of 24 January 2037 [1] - The notes bear interest at a floating rate equal to 3-month EURIBOR plus 40 bps per annum [1] - The notes are issued under MuniFin's EUR 50 billion programme for the issuance of debt instruments [2] - Societe Generale Paris acts as the dealer for the issue of the notes [3] Trading and Listing - MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki [2] - Public trading is expected to commence on 24 January 2025 [2] Company Overview - MuniFin is one of Finland's largest credit institutions with a balance sheet totaling over EUR 50 billion [3] - The company is owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland [3] - MuniFin operates in a global business environment and is an active Finnish bond issuer in international capital markets [5] - MuniFin is the first Finnish green and social bond issuer [5] Customer and Sustainability Focus - MuniFin's customers include municipalities, joint municipal authorities, wellbeing services counties, and non-profit organisations [4] - Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals, and schools [4] - The company builds a better and more sustainable future with its customers [4]