HELSINKI – Municipality Finance Plc (MuniFin) has announced the issuance of a new tranche of EUR 10 million as part of its existing medium-term bond (MTN) program. This tranche, which is due to be issued on Friday, will increase the total nominal amount of the series to EUR 50 million, with a maturity date set for January 14, 2028.
The bonds, which were originally issued on January 14, 2025, bear a floating interest rate linked to 3-month EURIBOR plus 18 basis points (bps) per annum. This issue is part of Munifa’s extensive program of debt instruments worth EUR 50 billion.
MuniFin has sought approval to trade the new tranche on the Helsinki Stock Exchange, managed by Nasdaq Helsinki, and public trading is expected to begin on the same day as the issuance. Existing banknotes in the series have already been listed on the Helsinki Stock Exchange.
Skandinaviska Enskilda Banken AB (publ) was appointed to manage the transaction as dealer for the new tranche. The Offer Circular and related documentation are available in English on the MuniFin website.
MuniFin is one of the largest Finnish credit institutions with a balance sheet of more than EUR 50 billion. Owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland, the company is a significant player in international capital markets and is recognized as Finland’s first issuer of green and social bonds. MuniFin financing is fully guaranteed by the Municipal Guarantee Committee.
The company specializes in financing projects that promote environmental and social responsibility, such as sustainable public transportation, healthcare facilities, educational facilities and housing for people with special needs.
This latest financial move by MuniFin is part of its commitment to support sustainable development through lending practices. The published information is based on a public statement and does not constitute an offer of securities for sale in the United States or any jurisdiction where such an offer would be illegal.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
