HELSINKI – Municipality Finance Plc has announced the issuance of EUR 20 million in bonds as part of its medium-term bond (MTN) program, and the offering will take place on Tuesday. These bonds, which bear interest at a floating rate linked to the 3-month EURIBOR plus a margin of 29 basis points per year, are scheduled to mature on January 21, 2030.
The issuance is part of MuniFin’s expansive program of debt instruments worth EUR 50 billion. The bonds are expected to begin public trading on the Helsinki Stock Exchange, managed by Nasdaq Helsinki, on the day of issue.
Nordea Bank Abp (OTC:) serves as distributor for this issue. Executive Vice President Capital Markets and Sustainability at MuniFin, Joakim Holmström, is available to provide additional information regarding this financial event.
MuniFin is a significant credit institution in Finland, supported by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. With a balance sheet of more than 50 billion euros, the company focuses on supporting investments in sustainable and socially responsible projects, including public transport, sustainable buildings and healthcare facilities.
The company has a strong presence in international capital markets and is recognized as the first Finnish issuer of green and social bonds. The Municipal Guarantee Committee exclusively supports MuniFin financing.
The Notes have not been registered under the US Securities Act of 1933 and are not for sale within the United States or to US persons, except under specific exemptions. The information in this article is based on the press release of Općinskih financija Plc.
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