Municipal Finance will issue a EUR 125 million faucet and a Norwegian krone
Municipal Finance Corporation
Stock Exchange Release
March 9, 2022 at 10:00 AM (EET)
Municipal finance matters a euros 125 million tap and a NOK 500 million napauta below its MTN program
On March 10, 2022, Municipality Finance Corporation will issue a new tranche of EUR 125 million for the existing benchmark issued on January 15, 2020 and a new tranche of NOK 500 million for the existing bond on January 11, 2022. The new items will be issued from Municipality Finance’s EUR 40 billion debt instrument issuance program. The circular and supplementary listing item are available in English on the company’s website at www.munifin.fi/investor relations.
Municipal Finance has applied for new loans to be traded on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. Public trading is expected to begin on March 10, 2022. The existing loans of both series have been admitted to trading on the Helsinki Stock Exchange.
euros 125 million touches
With the new loan tranche, the total nominal value of the reference index is EUR 2 billion. The loans mature on November 15, 2024 and bear a fixed annual interest rate of 0.00%.
Danske Bank A / S will act as a reseller in the issuance of the new tranche.
NOK 500 million tap
The new tranche has a total nominal value of NOK 5.5 billion. The maturity date of the loans is January 11, 2027. The loan has a floating interest rate of 3 months Nibor plus 1.50% per annum.
Skandinaviska Enskilda Banken AB as a reseller in the issuance of a new tranche.
MUNICIPAL FINANCE LTD
More information:
Joakim Holmström
Executive Vice President, Capital Markets and Sustainability
tel. +358 50 444 3638
Municipality Finance (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Municipal Finance Group also includes the subsidiary Financial Advisory Services Inspira Oy. The Group’s balance sheet is over EUR 46 billion.
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 associations. The loan will be used for environmentally and socially responsible investment destinations, such as public transport, hospitals and health centers, schools and kindergartens, and homes for people with special needs.
Municipality Finance’s customers are domestic, but the company operates in a fully global operating environment. The company is an active Finnish issuer of bonds in the international capital markets and the first Finnish issuer of green and social bonds. Funding is guaranteed exclusively by the Municipal Guarantee Board.
Read more: www.munifin.fi
Important information
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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.