Group 1 - Municipality Finance Plc has issued a EUR 1 billion benchmark under its MTN programme, with a maturity date of 14 June 2033 and a fixed interest rate of 2.750% per annum [1] - The benchmark is part of MuniFin's EUR 50 billion programme for the issuance of debt instruments, with public trading expected to commence on 24 February 2026 on the Helsinki Stock Exchange [2] - J.P. Morgan SE, Natixis, Nordea Bank Abp, and UBS Europe SE are acting as the Joint Lead Managers for this benchmark issue [3] Group 2 - Municipality Finance Plc is one of Finland's largest credit institutions, owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, with a total balance sheet exceeding EUR 55 billion [4] - MuniFin's customers include municipalities, joint municipal authorities, and entities involved in socially responsible investments such as public transportation and healthcare facilities [5] - The company operates in a global business environment and is recognized as the first Finnish issuer of green and social bonds, with funding guaranteed by the Municipal Guarantee Board [6]

Core Insights - MuniFin Group's net operating profit excluding unrealised fair value changes decreased by 1.5% to EUR 178 million in 2025, primarily due to increased expenses [3][11] - The Group's net operating profit increased by 16.3% to EUR 193 million, influenced by unrealised fair value changes of EUR 14 million [3][23] - Sustainable finance initiatives saw significant growth, with total sustainable finance increasing by 34.1% to EUR 12,595 million [3][4] Financial Performance - Net interest income remained stable at EUR 260 million, while new long-term customer financing increased slightly by 0.6% to EUR 5,088 million [3][4] - Total costs rose by 6.6% to EUR 86 million, driven by higher HR and administrative expenses [14][17] - The cost-to-income ratio improved to 25.9%, down from 27.7% in the previous year [4] Capital and Leverage - The Group's CET1 capital ratio was very strong at 94.0%, although it decreased from 107.7% due to new regulatory requirements [3][4] - The leverage ratio improved to 13.1%, up from 12.3% [4] - Total funding reached EUR 49,117 million, with long-term funding comprising EUR 45,042 million [3][4] Customer Financing - Long-term customer financing, excluding fair value changes, increased by 7.6% to EUR 38,510 million [3][4] - The amount of green finance aimed at sustainable investments rose to EUR 9,111 million, while social finance reached EUR 2,775 million [3][4] - New long-term funding increased by 12.3% to EUR 10,019 million [4] Market Outlook - The economic outlook for 2026 is cautiously optimistic, with expectations of growth supported by green transition investments and recovery in domestic consumption [36][39] - However, challenges remain, including potential funding deficits for municipalities due to central government transfer cuts and rising personnel costs [40][41] - The housing market is expected to remain weak, with limited recovery in privately financed construction [41]

Group 1 - Municipality Finance Plc issued EUR 50 million notes on 29 January 2026, maturing on 29 January 2030, with a floating interest rate of 3-month EURIBOR minus 6 basis points and a floor of 1.75% [1][2] - The notes are part of MuniFin's EUR 50 billion debt issuance program, with public trading expected to commence on 29 January 2026 on the Helsinki Stock Exchange [2] - Deutsche Bank Aktiengesellschaft acts as the dealer for the issuance of the notes [3] Group 2 - MuniFin is one of Finland's largest credit institutions, owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland, with a balance sheet exceeding EUR 55 billion [4] - The company focuses on environmentally and socially responsible investments, serving customers such as municipalities, joint municipal authorities, and non-profit organizations [5] - MuniFin operates in a global business environment and is recognized as the first Finnish issuer of green and social bonds, with funding guaranteed by the Municipal Guarantee Board [6]

Municipality Finance PlcStock exchange release 20 January 2026 at 10:00 am (EET) Municipality Finance issues USD 500 million benchmark under its MTN programme Municipality Finance Plc issues USD 500 million benchmark on 21 January 2026. The maturity date of the benchmark is 4 February 2030. The benchmark bear interest at a floating rate equal to Compounded SOFR plus 100 bps per annum. The benchmark is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circul ...

Group 1 - Municipality Finance Plc issues a GBP 300 million benchmark on 15 January 2026, with a maturity date of 22 October 2030 and a fixed interest rate of 4.000% per annum [1] - The benchmark is part of MuniFin's EUR 50 billion programme for the issuance of debt instruments, with public trading expected to commence on 15 January 2026 on the Helsinki Stock Exchange [2] - Deutsche Bank AG, NatWest Markets N.V, and Nomura International plc are acting as Joint Lead Managers for the benchmark issue [3] Group 2 - MuniFin is one of Finland's largest credit institutions, owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, with a total balance sheet exceeding EUR 55 billion [4] - The company's customers include municipalities, joint municipal authorities, and entities involved in socially responsible investments such as public transportation and healthcare facilities [5] - MuniFin operates in a global business environment and is recognized as the first Finnish issuer of green and social bonds, with funding guaranteed by the Municipal Guarantee Board [6]

Municipality Finance PlcStock exchange release 8 December 2025 at 10:00 am (EET) The notes redeemed by Municipality Finance have been removed from trading at Nasdaq Helsinki On 21 November 2025... Read More ...

Financial Calendar - MuniFin Group's financial statements for the year 2025 will be published on 11 February 2026 [1] - The annual report for 2025 is scheduled for release around 5 March 2026, along with the Pillar III disclosure and the Corporate Governance Statement [2] - The half-year report for the period 1 January–30 June 2026 will be published on 7 August 2026, with the Pillar III disclosure for the same period to follow during calendar week 34 [2] Annual General Meeting - The Annual General Meeting of Municipality Finance Plc is planned for 26 March 2026 [3] Company Overview - MuniFin is one of Finland's largest credit institutions, with a balance sheet totaling over EUR 55 billion [4] - The company is owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland [4] - MuniFin focuses on environmentally and socially responsible investments, serving customers such as municipalities, joint municipal authorities, and non-profit organizations [5] Market Position - MuniFin operates in a global business environment and is an active issuer of bonds in international capital markets, being the first Finnish issuer of green and social bonds [6]

Municipality Finance PlcStock exchange release 2 December 2025 at 10:00 am (EET) Municipality Finance issues EUR 100 million notes under its MTN programme Municipality Finance Plc issues EUR 100 million notes on 3 December 2025. The maturity date of the notes is 3 December 2040. MuniFin has a right, but no obligation, to redeem the notes early on 3 December 2027. The notes bear interest at a fixed rate of 3.537% per annum. The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of d ...

Core Points - Municipality Finance Plc (MuniFin) has issued EUR 30 million notes with a fixed interest rate of 3.09% per annum, maturing on 20 November 2035, and has the option to redeem early on 20 May 2029 [1][2] - The notes are part of MuniFin's EUR 50 billion debt issuance program and are expected to commence public trading on the Helsinki Stock Exchange on 20 November 2025 [2][3] - HSBC Continental Europe is acting as the dealer for this issuance [3] Company Overview - MuniFin is one of Finland's largest credit institutions, with a balance sheet exceeding EUR 55 billion, and is owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland [4] - The company focuses on environmentally and socially responsible investments, providing loans for projects such as public transportation, sustainable buildings, healthcare facilities, and homes for individuals with special needs [5] - MuniFin operates in a global business environment and is recognized as the first Finnish issuer of green and social bonds, with funding guaranteed by the Municipal Guarantee Board [6]

Core Insights - Municipality Finance Plc (MuniFin) maintains a capital adequacy ratio significantly above the European Central Bank's (ECB) minimum requirements, with a total capital ratio and CET1 capital ratio of 89.4 percent as of June 2025 [2] - The ECB has set the capital buffer requirement (P2R) for MuniFin at 2 percent, effective from January 1, 2026, resulting in a total SREP capital requirement (TSCR) ratio of 10 percent [1][2] Group Overview - MuniFin is one of Finland's largest credit institutions, owned by Finnish municipalities, the public sector pension fund Keva, and the Republic of Finland, with a balance sheet exceeding EUR 55 billion [3] - The company focuses on lending for environmentally and socially responsible projects, including public transportation, sustainable buildings, and healthcare facilities [4] Operational Context - MuniFin operates in a global business environment while serving domestic customers, being an active issuer of bonds in international capital markets and the first Finnish issuer of green and social bonds [5]