Municipal finance issues a RON 107.5 million bond under its MTN program
Kuntarahoits Oyj
Stock exchange release
28/11/2022 at 10:00 (EET)
Municipal financial matters RON 107.5 million notes below its MTN program
Municipal Finance Corporation will issue 107.5 million RON bonds on November 29, 2022. The maturity date of the loans is 29 November 2023. The loan has a fixed annual interest rate of 7.5%.
The loans are issued in the Municipal Finance’s 45 billion euro debt instrument issuance program. The offer circular, the supplementary listing material and the final terms of the loan are available in English on the company’s website at www.munifin.fi/investor relations.
Kuntarahoitois has applied for the bonds to be traded through the Helsinki Stock Exchange operated by Nasdaq Helsinki. Public trading is expected to start on November 29, 2022.
Citigroup Global Markets Europe AG acts as the issuer of the bonds.
Municipal finance acquires funding in several different currencies. Most of the financing is obtained in euros and US dollars. The company hedges its currency risk in accordance with its risk management principles.
MUNICIPAL FINANCE LTD
More information:
Joakim Holmström
Vice President, Capital Markets and Sustainable Development
tel. +358 50 444 3638
Kuntarahoitus (Kuntarahoitus Oyj) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension foundation Keva and the Republic of Finland. The municipal finance group also includes the subsidiary Financial Advisory Services Inspira Oy. The total amount of the group’s balance sheet is almost 47.5 billion euros.
Municipal finance builds a better and more sustainable future with its customers. Municipal finance’s customers are Finnish municipalities, municipal corporations, entities controlled by the municipality, welfare service counties and non-profit housing organizations. The loan is 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.
Municipal finance’s customers are domestic, but the company operates in a completely global operating environment. The company is an active Finnish bond issuer on international capital markets and the first Finnish issuer of green and social bonds. The financing is exclusively guaranteed by the Municipal Guarantee Center.
Read more: www.munifin.fi
Important information
The information contained herein is not intended to be disclosed, published or distributed, in whole or in part, directly or indirectly in or to any such country or jurisdiction or otherwise in circumstances where publication, publication or distribution would be unlawful. The information presented here is not an offer to sell or a solicitation of an offer to buy and may not be sold securities or other financial instruments in any jurisdiction where such offer, offer or sale would be illegal prior to registration, deregistration or qualification under the securities laws of any such jurisdiction.
This announcement is not an offer of securities for sale in the United States. The notes have has not been registered and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”) or the applicable securities laws of any state in the US, and may not be offered or sold directly or indirectly to or for the account or benefit of the United States or US persons except as applicable or in a transaction that is not subject to the registration requirements of the Securities Act.