Municipality Finance issues EUR 11.5 million in bonds and NOK 500 million in faucets under its MTN program
Municipal Finance Corporation
Stock Exchange Release
January 31, 2022 at 10:00 am (EET)
Municipal finance matters Banknotes of EUR 11.5 million and a faucet of NOK 500 million below its MTN program
On February 1, 2022, Municipality Finance Plc will issue EUR 11.5 million in bonds and a new tranche of NOK 500 million in an existing bond on January 13, 2021. The loans have been issued within the framework of Municipality Finance’s EUR 40 billion loan program. musical instruments. The circular and supplementary listing item are available in English on the company’s website at www.munifin.fi/investor relations.
Loans of EUR 11.5 million
The maturity date of the loans is 1.2.2030. Municipal Finance has the right, but not the obligation, to redeem the loans at the beginning of 1.2.2023 and annually thereafter. The coupon to be paid is 0% on the first interest payment date, after which the coupon will increase by 0.25 percentage points annually, unless Municipality Finance redeems the loan prematurely.
Municipal Finance has applied for the bonds to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. Public trading is expected to begin on February 1, 2022.
The issuer of the bonds is Credit Suisse Bank (Europe) SA.
NOK 500 million taps
The new tranche has a total nominal value of NOK 3 billion. The loan matures on January 13, 2026 and has a floating interest rate of 3 months Nibor plus 1.50% per annum.
Municipal Finance has applied for a new lot to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. Public trading is expected to begin on February 1, 2022. The existing loans in the series have been admitted to trading on the Helsinki Stock Exchange.
The issuer of the bonds is Nordea Bank Abp.
MUNICIPAL FINANCE LTD
More information:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
Municipal Finance is one of Finland’s largest credit institutions: the consolidated balance sheet total is almost EUR 46 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
Municipal Finance is building a better and more sustainable future with its customers. Municipal Finance’s customers are Finnish municipalities, associations of municipalities, municipally controlled entities and non-profit housing organizations. The loan will be used for environmentally and socially responsible investment projects, such as public transport, sustainable buildings, hospitals and health centers, schools and kindergartens, and homes with special needs.
Municipality Finance’s customers are domestic, but the company operates in a fully global operating environment. It is an active Finnish issuer of bonds on the international capital markets and the first Finnish issuer of green and social bonds. Funding is guaranteed exclusively by the Municipal Guarantee Board.
The Municipal Finance Group also includes the subsidiary Talousneuvonta Inspira Oy.
Read more: www.munifin.fi
Important information
The information contained herein is not intended to be published, published or disseminated, in whole or in part, directly or indirectly in any country or country or jurisdiction or otherwise in circumstances where publication, publication or distribution would be illegal. The information contained herein is not an offer to sell or a solicitation of an offer to purchase and may not be sold securities or other financial instruments in any jurisdiction where such an offer, offer or sale would be illegal prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
This announcement is not an offer to sell securities in the United States. The notes have is not registered or registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the applicable securities laws of any U.S. state, and may not be offered or sold, directly or indirectly, to or on behalf of or for the benefit of the United States or the United States or in a transaction that is not subject to the registration requirements of the Securities Act.