Municipality Finance issues EUR 10 million zero coupon notes under its MTN programme

Core Viewpoint - Municipality Finance Plc has issued EUR 10 million zero coupon notes, maturing in 2065, with an early redemption option in 2035, under its EUR 50 billion debt issuance program [1][2]. Group 1: Issuance Details - The notes were issued on 18 June 2025, with a maturity date set for 18 June 2065 [1]. - Municipality Finance has the right to redeem the notes early on 18 June 2035, although it is not obligated to do so [1]. - The notes are part of MuniFin's EUR 50 billion program for debt instruments [2]. Group 2: Trading and Dealer Information - MuniFin has applied for the notes to be traded on the Helsinki Stock Exchange, with public trading expected to start on 18 June 2025 [2]. - Goldman Sachs Bank Europe SE is acting as the dealer for the issuance of these notes [2]. Group 3: Company Overview - Municipality Finance Plc is one of Finland's largest credit institutions, with a balance sheet exceeding EUR 53 billion [3]. - The company's owners include Finnish municipalities, the public sector pension fund Keva, and the State of Finland [3]. Group 4: Customer Base and Lending Focus - MuniFin's customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities, and non-profit organizations [4]. - The lending focuses on environmentally and socially responsible projects, such as public transportation, sustainable buildings, and healthcare facilities [4]. Group 5: Global Operations - Although MuniFin's customers are domestic, the company operates in a global business environment and is an active issuer in international capital markets [5]. - MuniFin is recognized as the first Finnish issuer of green and social bonds [5].