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Municipality Finance issues USD 50 million notes under its MTN programme
Globenewswire· 2026-03-26 08:00
Core Viewpoint - Municipality Finance Plc (MuniFin) is issuing USD 50 million notes under its Medium Term Note (MTN) programme, with a fixed interest rate of 4.05% per annum and a maturity date of 27 March 2029, while allowing for early redemption on 27 March 2028 [1][2]. Group 1: Issuance Details - The notes are part of MuniFin's EUR 50 billion debt instrument issuance programme [2]. - The public trading of the notes is expected to commence on 27 March 2026 on the Helsinki Stock Exchange [2]. - Natixis is acting as the dealer for the issuance of the notes [3]. Group 2: Company Overview - MuniFin is one of Finland's largest credit institutions, with a balance sheet exceeding EUR 55 billion [4]. - The company is owned by Finnish municipalities, the public sector pension fund Keva, and the State of Finland [4]. - MuniFin focuses on environmentally and socially responsible investments, serving customers such as municipalities, joint municipal authorities, and non-profit organizations [5]. Group 3: Market Position - MuniFin operates in a global business environment and is an active issuer in international capital markets, being the first Finnish issuer of green and social bonds [6]. - The funding for MuniFin is exclusively guaranteed by the Municipal Guarantee Board [6].